SpaceX Sets IPO to Raise Over $75 Billion, Targeting $1.77 Trillion Valuation

SpaceX plans to sell shares in a historic IPO that could raise more than $75 billion, valuing the company at nearly $1.8 trillion and funding its expansive growth goals.

Editorial Team · Jun 4, 2026 · 2 min read · Source: spacenews.com

SpaceX is preparing to launch one of the largest initial public offerings (IPO) in history, aiming to raise at least $75 billion by selling Class A shares at $135 apiece. The company’s updated prospectus filed with the Securities and Exchange Commission reveals plans to offer 555,555,555 shares, with underwriters holding the option to purchase an additional 83.3 million shares, potentially bringing total proceeds to approximately $85.7 billion before expenses.

This IPO would value SpaceX at about $1.77 trillion, eclipsing previous records such as Saudi Aramco’s $29.4 billion debut. Despite the enormous fundraising target, the shares offered will represent less than 5% of the total shares outstanding. The prospectus also makes clear that Elon Musk will retain substantial control over the company, holding more than 82% of the voting power through Class B shares, which carry ten times the voting rights of the public Class A stock.

SpaceX intends to deploy the IPO proceeds to fuel its aggressive expansion plans. These include scaling up its artificial intelligence infrastructure following the acquisition of xAI, developing the Starship launch vehicle, and expanding its Starlink satellite constellation. The company envisions launching as many as one million orbital data center satellites, backing its drive into both connectivity and AI-driven services.

Financial data included in the prospectus underline the high costs of these ambitions. SpaceX reported $4.7 billion in revenue for the first quarter of 2026 but posted a net loss of nearly $4.3 billion. For all of 2025, revenue reached $18.7 billion with a net loss exceeding $4.9 billion, largely attributed to investments in AI development rather than its traditional aerospace operations.

The company’s capital expenditures further highlight the focus shift toward AI, with $7.7 billion spent on its AI division in the first quarter alone, compared to $930 million allocated for Starship development. SpaceX communicates that the bulk of the funds raised will fuel growth across multiple fronts, including launch infrastructure improvements and general corporate purposes as part of a long-term development strategy.