SpaceX Sets $135 IPO Price, Targeting $75 Billion Raise

SpaceX, led by Elon Musk, publicly set its initial public offering (IPO) share price at $135 on Wednesday, June 3, ahead of its planned investor roadshow. This move deviates from traditional Wall Street IPO pricing mechanisms, with the company aiming to raise $75 billion, which would value SpaceX at $1.75 trillion. This valuation would position SpaceX among the top 10 most valuable U.S.-listed firms.

The company's decision to announce the price a week before its offering and roadshow, which commences on Thursday, June 4, is an unconventional approach for a major U.S. IPO. Pricing is expected on June 11, with trading on Nasdaq beginning the following day. SpaceX's strategy also includes plans to allocate a larger role for retail investors and structure governance to maintain strong founder control.

Valuation and Market Position

Despite a 33% revenue increase to $18.67 billion in 2025, SpaceX reported a net loss of $4.94 billion. Analysts note the high valuation multiple, approximately 90 times revenue, which exceeds traditional aerospace or telecom industry standards. The company's unique position across aerospace, telecom, and defense sectors, coupled with the absence of direct public market comparables, contributes to this elevated valuation.