SpaceX Files $1.77T IPO Prospectus for June 12 Debut Amid Potential Tesla Merger Speculation

According to Fortune, SpaceX filed a revised IPO prospectus with the U.S. Securities and Exchange Commission this week, pricing Class A shares at $135 per share and planning to issue 555.6 million shares with a total valuation of approximately $1.77 trillion. The company is expected to list on Nasdaq on June 12 under ticker symbol "SPCX".

Market reports indicate SpaceX and Tesla are evaluating a potential merger, with Wedbush analyst Dan Ives estimating an 80% probability of combination. If such a deal occurred at current valuations, SpaceX would need to issue new stock equivalent to approximately 90% of existing shares to acquire Tesla's $1.65 trillion valuation, causing original SpaceX shareholders' stake to dilute to roughly 52%. Analysts cite significant financial challenges: SpaceX posted a $4.94 billion loss last year while Tesla's GAAP net profit for the trailing four quarters was only $3.9 billion, raising questions about the merged entity's ability to meet growth targets required to justify current valuations.