Elon Musk’s company SpaceX is planning a massive stock market listing by initial public offering (IPO), which could be one of the biggest ever in history. According to a BBC report, the company is aiming for a valuation of nearly $1.77 trillion. This would make SpaceX one of the most valuable companies in the world.
SpaceX plans to sell about 555.6 million shares in the IPO, as per the reports. Each share is expected to be priced at around $135, which is unusually fixed before the official investor roadshow begins. Through this sale, SpaceX aims to raise around $75 billion, making it the largest IPO fundraising ever recorded, as noted by Al Jazeera. If successful, the market value of SpaceX would hold the rank of becoming the seventh-largest company in the world, leaving behind companies like Tesla and Meta. It would still rank just behind Taiwan’s chip giant TSMC in global rankings.
Huge $75 billion IPO raise
The IPO would also beat Saudi Aramco’s 2019 listing, which raised $26 billion at a $1.7 trillion valuation, as cited in the report by Al Jazeera. Elon Musk owns about 42% of SpaceX, so this IPO could push him closer to becoming the world’s first trillionaire. Even after listing, Musk will still control the company strongly, with over 82% voting rights due to a special dual-class share system. This system gives certain shares 10 votes each, so Musk keeps decision-making control even after going public. SpaceX shares are expected to start trading on the Nasdaq stock exchange on June 12.
Setting a fixed price this early is unusual because companies normally give a price range first and adjust it later based on demand. Analysts say this shows Musk has strong control over the IPO structure and confidence that investors will fully buy the shares. Analyst Fabien Yip from IG Group told Al Jazeera, the move shows Musk’s influence and belief that demand will be strong.
SpaceX business and big ambitions
SpaceX was founded by Elon Musk in 2002 and mainly builds rockets, spacecraft, and reusable launch systems. It also provides satellite internet services through Starlink and works on AI-related businesses including xAI. Musk has big long-term goals for SpaceX, including building a self-sustaining city on Mars and making humans a multiplanetary species. Despite huge ambitions, SpaceX is still not profitable and has recorded large losses.
In 2025, the company had a net loss of $4.9 billion on $18.7 billion revenue. In the first quarter of this year, it reported another $4.3 billion loss on $4.7 billion sales. The company also holds strong assets worth around $102 billion, but carries about $60.5 billion in debt, as mentioned in the report by BBC.
Future value and market expectations
Experts say SpaceX is very different from Saudi Aramco because Aramco already has strong profits, while SpaceX is still focused on future growth. Professor Jay R Ritter from the University of Florida told Al Jazeera, SpaceX’s value is based more on future potential than current profits. He also warned that SpaceX may spend money on long-term space projects like Mars missions, even if they do not generate profit soon. Some analysts believe SpaceX could even reach a $2.2 trillion market value on its first trading day if investor demand is strong.
Analyst IG Group compared SpaceX to Tesla, saying Tesla also started as a loss-making company before becoming profitable years later, as noted by Al Jazeera report. Investors are betting that SpaceX will follow a similar path, growing strongly in the future despite early losses. Analysts also say SpaceX has a much broader market than Tesla, including rockets, satellites, internet services, and AI. SpaceX is expected to be one of three major IPOs this year, along with AI companies OpenAI and Anthropic.
Investor bets and future space tech plans
These IPOs together could add trillions of dollars in value to the US stock market, which is already at record highs due to the AI boom. According to market data cited by BBC, SpaceX’s valuation is significantly higher than its earlier estimated value of $1.25 trillion earlier this year. Analysts also note that setting a price this early is extremely rare and may be one of the earliest IPO price estimates ever made.
Experts warn that nearly half of companies that go public see their value fall after listing, showing IPO risks. Analyst Samuel Kerr, who leads equity capital markets research at Mergermarket, told the BBC that SpaceX is valued at a very high level compared to its sales. He said this is even higher than big tech companies in the “Magnificent 7,” but supporters believe investors are betting on future profits rather than current earnings, which helps explain the high valuation.
SpaceX is also looking at new futuristic ideas like building data centres in space and even on the Moon, moving beyond rockets into areas like AI infrastructure. Elon Musk believes space-based systems are important for powering future AI because Earth has limited space and resources, as per reports. Overall, the IPO is being seen as a major test of investor trust in Musk’s long-term vision rather than current financial performance.
