- New federal filings show SpaceX is targeting a $135 share price in an upcoming IPO.
- Target pricing would lead to $75 billion in new capital, the largest on record for a public offering.
- The IPO could make Elon Musk the world's first trillionaire thanks to his expansive holdings.
Departing from convention, SpaceX has opted not to list a pricing range for its upcoming IPO stock offering in new SEC filings, instead issuing a single target figure of $135 per share, on the upper tier of expectations and a number the reflects Elon Musk’s high degree of confidence in investor demand for a slice of his company.
In its revised filing, SpaceX said it plans to offer 555,555,555 shares at $135 per share, raising $75 billion in new capital and potentially pushing the company’s valuation to nearly $1.8 trillion. Underwriter options to sell additional shares, if exercised, could bump the total to over $85 billion. The company reports it plans to price its offering on June 11 and begin trading on June 12.
Even at the $75 billion mark, the SpaceX IPO would shatter the previous record of $25.6 billion raised by petroleum giant Saudi Aramco in 2019. It’s also likely to propel Musk to the status of world’s first person to accumulate over $1 trillion in personal wealth.
SpaceX’s entrance into the public investment realm arrives as the first in a likely series of mega IPO offerings this year, with artificial intelligence development leaders Anthropic and OpenAI signaling plans for their own market launches.
“This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after,” Wedbush analyst Dan Ives wrote in a note to investors, per Yahoo Finance.
SpaceX, Musk’s space vehicle manufacturing and launch business also includes the Starlink satellite internet service and network, artificial intelligence startup xAI, as well as the X social media platform that xAI acquired in 2025.
No guarantees
The SpaceX IPO has drawn a clamor of intrigue and interest including from retail-level investors scrambling for access to the stock offering, which represents only about 4% public access to overall shares.
As with any investment, the risks can come from a variety of quadrants and many industry experts are advising a wait-and-see approach when it comes to diving in on SpaceX stock.
History suggests the prospect of buying in at pre-IPO pricing and garnering returns on the typical first day “pop” is real, but not guaranteed. An analysis of IPO data from 1980 to 2025 by Jay Ritter, director of the IPO initiative at the University of Florida and cited by CNBC, reveals that value jump averaged 19% above offering price over that time span.
But while those circumstances can lead to short-term gains through investing at the very beginning of an IPO, industry watchers warn there is always potential for volatility and longer-term investors should embrace caution when making stock purchase decisions.
“We’ve always taken a wait-and-see approach to that market,” Josef Schuster, founder of IPOX Schuster, an investment and research firm focused on IPOs, told CNBC Make It in April.
It’s also worth taking a close look at SpaceX’s current fiscal health. The SEC filings reveal that while the company brought in $18.7 billion in revenue in 2025, up sharply from 2024, it still lost almost $5 billion last year. Among SpaceX’s various brands, only Starlink has shown a profit in recent reporting.
Musk likely to reach trillionaire status
Investors have also zeroed in who will retain the most influence after the company goes public. For those who have tracked Musk’s modus operandi over the past decade, it will come as no surprise that the SpaceX CEO will end up with the lion’s share of available stock, and thus a firm grip on dictating the direction of the company.
Musk controls 85% of SpaceX’s shareholder voting power with nearly 850 million Class A shares and 5.57 billion Class B shares, and no other person or entity has a larger stake than 5%, according to SpaceX’s filing, per Forbes.
Already the world’s richest individual with just shy of $823 billion in personal wealth as of midday Thursday, Musk’s expansive holdings are on track to make him the world’s first trillionaire following the SpaceX IPO.
If SpaceX is valued at $1.5 trillion, that would value Musk’s estimated stake at about $600 billion, increasing his net worth to just over $1.4 trillion, per a Forbes analysis. With a $2 trillion valuation, Musk’s stake would be valued at roughly $800 billion, potentially pushing his fortune above $1.6 trillion.