SpaceX targets record IPO with valuations ranging from $75 billion to $1.77 trillion

SpaceX, led by Elon Musk, is preparing for what could be the largest initial public offering (IPO) in history this month, aiming to raise approximately $75 billion. This highly anticipated market debut is projected to value the company at around $1.77 trillion, a move that could potentially position Musk to become the world's first trillionaire.

The space exploration and artificial intelligence company plans to sell 555.6 million shares at $135 each, with trading expected to commence as early as June 12. Proceeds from the IPO are intended to fund expansion in its AI operations, launch services, and the Starlink satellite network, supporting the company's ambitious long-term goals, including lunar missions and the colonization of Mars. SpaceX confidentially filed its plans with the U.S. Securities and Exchange Commission in April 2026, publicly detailing its intentions in May.