SpaceX has told its underwriting banks that the $135-per-share IPO price is staying put. No adjustments, no book-building theatrics, no last-minute haggling. The company confirmed the fixed price on June 4, 2026, making it clear to Wall Street’s biggest names that this offering will play by a different set of rules.
The company plans to sell roughly 555.6 million shares at that price, targeting a $75 billion raise. If it pulls that off, it would be the largest IPO in US history, and it would land SpaceX an implied valuation somewhere between $1.75 trillion and $1.77 trillion. That’s top-ten territory among publicly traded US companies on day one.
A fixed price and five heavyweight banks
The underwriter roster reads like a who’s who of investment banking: Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan. Normally, these firms would spend the roadshow period gauging investor appetite and nudging the price up or down accordingly. That’s the standard book-building process, a ritual as old as the modern IPO itself.
SpaceX is skipping the ritual. The $135 figure is final, and the banks have been told as much.
The shares will trade on the Nasdaq under the ticker SPCX. Marketing for the offering is actively underway in early June 2026, with pricing expected on June 11 and trading set to begin around June 12.
What the valuation actually means
Elon Musk’s personal stake in SpaceX would be valued at approximately $740 billion to $752 billion at the $135 price.
SpaceX has been private since its founding in 2002, growing through a series of private funding rounds that steadily inflated its valuation. The company’s Starlink satellite internet division and its dominant position in the commercial launch market have driven much of that growth.
What this means for investors
For retail investors, this is one of the rare moments where the IPO price isn’t a moving target. There’s no risk of the price being jacked up at the last minute after institutional investors pile in during the roadshow. The flip side is that if demand genuinely exceeds supply at $135, the stock could pop significantly on its first day of trading, which means the real price discovery just happens on the open market instead of in the banks’ order books.