Elon Musk’s SpaceX is aiming to raise $75 billion in its highly anticipated initial public offering, according to a Securities and Exchange Commission filing, which would value the AI and space company at roughly $1.77 trillion.
Musk is SpaceX’s CEO and CTO.
Photo by Isaac Wasserman/NCAA Photos via Getty Images
Key Facts
SpaceX aims to sell around 555.6 million shares for $135 per share, according to the filing.
Musk’s company is expected to begin trading on June 12, though it could adjust its IPO price before then.
The IPO could be the largest of all time, potentially surpassing the IPO valuation record of $1.7 trillion set by Saudi Aramco seven years ago.
Will The Spacex Ipo Make Elon Musk A Trillionaire?
It appears very likely, as he owns 42% of SpaceX’s common stock and 350 million stock options, all of which would be worth $688 billion if SpaceX maintains its $135 trade price.
Surprising Fact
If estimates about SpaceX’s valuation hold, the company would top massive market capitalizations held by Tesla ($1.59 trillion), Meta ($1.58 trillion) and Samsung ($1.54 trillion).
Forbes Valuation
We estimate Musk’s net worth at $826 billion, eclipsing the world’s second wealthiest person, Google co-founder Larry Page, by an immense margin. Forbes estimates Page’s net worth at $292.8 billion.
Key Background
SpaceX posted $18.7 billion in revenue last year, marking a 33% increase year-over-year. However, the company remained unprofitable in 2025, recording $4.9 billion in losses. Musk’s firm acquired his AI startup, xAI, this year in a move that valued the combined company at $1.25 trillion. After spending $12.7 billion on artificial intelligence last year, SpaceX is gearing up for further spending on AI alongside tech titans like Amazon, Microsoft and Meta. Musk is aiming to put data centers in orbit with SpaceX, gaining interest from Anthropic and Google as Musk has claimed the practice could give the power-intensive facilities “near-limitless sustainable power with less impact on Earth.”
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