Elon Musk’s SpaceX eyes $1.77tn valuation ahead of historic IPO

SpaceX is planning a historic initial public offering (IPO), targeting a valuation of nearly $1.77 trillion. The Texas-based rocket company intends to sell 555.6 million shares at $135 each, aiming to raise approximately $75 billion. This IPO, expected to trade on the Nasdaq stock exchange from June 12, would make SpaceX the world's seventh-largest company by market capitalization. Despite not being profitable, with reported losses in 2025 and early 2026, investors are betting on SpaceX's future growth in sectors like rockets, satellite internet, and AI. Elon Musk, holding a significant stake, is poised to become the world's first trillionaire following the offering, while retaining effective control through a dual-class stock structure.

SpaceX plans to raise up to $75 billion through an Initial Public Offering (IPO) this month, which would be the largest ever and could make Elon Musk the world's first trillionaire. The company will sell 555.6 million shares at $135 each, valuing SpaceX at $1.77 trillion. Musk, as CEO, CTO, and chairman, will retain significant control with 82.4% of the company's voting power. The proceeds are intended to fund ambitious plans, including establishing a permanent human colony on Mars. This IPO is expected to surpass the $26 billion raised by Saudi Aramco in 2019.