SpaceX just priced the most ambitious initial public offering ever attempted at $135 per share, putting its valuation somewhere between $1.75 trillion and $1.77 trillion before a single share trades publicly. To put that in perspective, the company would land among the ten most valuable US-listed companies from day one.
The offering aims to sell approximately 555.6 million shares and raise $75 billion, a figure that makes the previous record holder, Saudi Aramco’s $29 billion IPO in 2019, look like a Series A round by comparison. Trading on Nasdaq under the ticker SPCX is expected to begin as soon as June 12, 2026.
Musk’s playbook: fix the price, skip the circus
The $135 price was confirmed in an amended SEC filing on June 3, 2026, reflecting Elon Musk’s preference for controlling the process rather than leaving it to the usual Wall Street machinery. Fixing the price ahead of the traditional roadshow is a deliberate departure from how mega-IPOs have historically been managed.
The numbers behind the confidence
SpaceX reported $18.67 billion in revenue for 2025, a figure that reflects the growing dominance of its Starlink satellite internet division alongside its core launch business.
The private market had already been aggressively repricing the company upward. SpaceX carried a private valuation of roughly $800 billion in late 2025, which ballooned to $1.25 trillion by February 2026. The jump from $1.25 trillion to the IPO’s $1.75 trillion target represents another 40% leap in just a few months.
What this means for investors and the broader market
For crypto markets, the connection is indirect but worth noting. SpaceX’s IPO has no ties to digital assets or blockchain technology. There are no tokens involved, no on-chain settlement, no crypto-adjacent treasury strategy.
The biggest risk for investors considering this IPO is straightforward: you’re paying a massive premium for future growth that needs to materialize. At $1.75 trillion, SpaceX is being valued at roughly 94 times its 2025 revenue.