SpaceX is preparing for a significant IPO aiming to raise $75 billion, which could be the largest in history, resulting in a valuation of nearly $1.8 trillion. The company plans to offer approximately 555.6 million shares at $135 each, focusing on sectors like rockets, satellites, and AI. The IPO is scheduled for June 11, with trading expected to start on Nasdaq under the symbol SPCX. Despite generating $18.7 billion in revenue last year, SpaceX reported a net loss of $4.94 billion. Elon Musk will retain 84.4% voting power through Class B shares, while an agreement with Anthropic for AI compute services is also part of the financial strategy.

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SpaceX Files $75 Billion IPO at Nearly $1.8 Trillion Valuation

Khac Phu Nguyen

Thu, June 4, 2026 at 9:18 AM EDT2 min read

This article first appeared on GuruFocus.

SpaceX is moving toward what could become the biggest IPO in history, as Elon Musk's rocket, satellite and artificial intelligence company seeks to raise $75 billion in a public listing that may reshape the market for mega-debuts. The Starbase, Texas-based company plans to offer about 555.6 million shares at $135 each, according to its filing with the US Securities and Exchange Commission. At that price, SpaceX would be valued at almost $1.77 trillion based on outstanding shares, while its fully diluted value would reach at least $1.8 trillion after accounting for employee stock options and restricted stock units. That would make SpaceX larger than all but six companies in the S&P 500 Index and bigger than Tesla Inc. ( NASDAQ:TSLA), giving investors a rare chance to own a company tied to rockets, satellites, Starlink, direct-to-cell wireless, and AI compute infrastructure.

The offering is set for June 11, with SpaceX expected to begin trading the following day on Nasdaq and Nasdaq Texas under the symbol SPCX. The company is preparing to pitch investors on a $28.5 trillion addressable market, with much of that opportunity tied to AI infrastructure, including orbital AI compute and the possibility of data centers in space, a technology that does not yet exist. SpaceX also plans to expand its direct-to-cell wireless business, ramp up rocket launch and satellite infrastructure, and use IPO proceeds to help repay at least part of a $20 billion bridge loan within six months. Still, the financial picture gives investors something to weigh carefully: SpaceX posted a net loss of $4.94 billion last year on $18.7 billion in revenue, compared with net income of $791 million on $14 billion of revenue in 2024.

The bigger question for investors may be control. Musk is expected to retain 84.4% voting power after the IPO through Class B shares that carry 10 votes each, while his entire 6.4 billion-share stake will be locked up for 366 days after the listing. The filing also shows SpaceX signed a contract with Anthropic to provide AI compute for $1.25 billion per month, though either company can terminate the agreement on 90 days' notice, and Musk has said long-term leasing is possible but not committed. Goldman Sachs Group Inc. ( NYSE:GS), Morgan Stanley ( NYSE:MS), Bank of America Corp. ( NYSE:BAC), Citigroup Inc. ( NYSE:C), and JPMorgan Chase & Co. ( NYSE:JPM) are leading the deal, with 18 other banks participating, as Wall Street prepares for a listing that could possibly clear the runway for future double-digit billion-dollar IPOs from OpenAI and Anthropic.