SpaceX is set to launch the largest IPO in history this week, aiming to raise $75 billion by selling 555 million shares at $135 each. The offering, which will list on NASDAQ under the ticker SPCX, begins trading on June 12. The $1.77 trillion valuation reflects strong investor interest in AI and high-growth companies, marking a significant event in the IPO market.
The IPO follows a period of reduced public offerings, with only about 200 traditional IPOs last year, roughly half the number seen during the 2021 boom. Investor enthusiasm for AI has driven confidential filings from companies like Anthropic and OpenAI. SpaceX’s IPO is oversubscribed, indicating demand exceeds the shares available at the set price. However, analysts remain divided on the valuation, given SpaceX’s $18.67 billion revenue in 2025 but a $4.94 billion net loss, equating to a valuation about 94 times trailing sales.
The size and valuation of SpaceX’s IPO have sparked debate among market participants. Some view the valuation as disconnected from fundamentals, while others believe Elon Musk’s ambitions could replicate Tesla’s growth trajectory, potentially making SpaceX one of the largest companies by market capitalization. The IPO’s debut is expected to bring significant volatility in share price due to high demand and the company’s mixed financial metrics.
SpaceX’s IPO will begin trading on NASDAQ on June 12 under the ticker SPCX, with the offering priced at $135 per share. The company aims to raise $75 billion through this historic public offering, which will be closely watched as a barometer of investor appetite for high-growth and AI-related stocks.