According to a June 4 report by Crypto.news, SpaceX plans to issue 555.6 million shares at $135 per share (single fixed price, no price range), aiming to raise $75 billion, valuing the company at about $1.77 trillion, based on filings submitted to the U.S. Securities and Exchange Commission (SEC). SEC filings confirm that after the IPO, Musk will retain 82.4% of SpaceX’s voting control.
IPO Key Terms: Confirmed Offer Price, Share Count, and Valuation
According to SpaceX’s IPO documents filed with the SEC, the confirmed terms are as follows:
Offer price: $135 per share (single fixed price, not a price range)
Number of shares to be issued: 555.6 million shares
Target gross proceeds: $75 billion
Valuation: about $1.77 trillion
Expected trading start date: next Friday (still subject to final approval, depending on market conditions)
Comparison benchmark: Saudi Aramco’s 2019 IPO financing amount was $29.4 billion
SpaceX’s filing indicates that due to high costs for projects including rockets, satellites, computing systems, and AI infrastructure, the company implies it may need to issue shares again in the future.
Musk’s Stakes and Voting Control: SEC Filings Confirmed Terms
Based on the SEC filings, Musk currently holds about half of SpaceX’s shares, and after the IPO he will still hold nearly half. The shares he holds carry stronger voting rights, and the voting control ratio after the IPO is confirmed at 82.4%.
Using the IPO pricing of $135 per share, the market value of the SpaceX shares Musk holds is about $841 billion. Based on Forbes’ real-time billionaire tracking data, as of Wednesday’s market close, the market value of Musk’s Tesla shares is slightly below $300 billion; together, their combined net assets are close to $1.1 trillion.
Business Expansion: xAI Merger and Plan to Confirm AI and Space Data Centers
The SpaceX IPO filings confirm that the company’s business is no longer limited to rockets and satellites, with expansion directions including:
AI business: Musk merged his AI company xAI with SpaceX in February 2026. The IPO filings note that AI has played a key role in the company’s long-term investment plans, but also indicate that this business requires substantial capital investment
Space data centers: included as a funding-use category for a new business line in the IPO filings
Starlink: since the 2021 commercialization of satellite network services, it has continued to be one of the company’s main business lines
During the SpaceX IPO roadshow period, Anthropic announced its IPO plans, and OpenAI is also expected to follow.
FAQ
Why did SpaceX choose a single fixed price ($135) instead of providing a price range?
SpaceX’s SEC filings show the company set a single offer price of $135, rather than the price range that is typical for traditional IPOs. The company did not provide official commentary in the SEC filings on why it chose this pricing structure, but analysts typically interpret a single fixed price as reflecting high confidence in the strength of order demand.
How does the merger of xAI and SpaceX affect the IPO valuation?
In February 2026, Musk merged xAI with SpaceX. SpaceX’s IPO filings clearly state that AI now plays a key role in the company’s long-term investment plans, and it lists AI and space data centers as some of the intended uses of the proceeds from this financing. After the merger is completed, SpaceX’s AI business attributes have been incorporated into its $1.77 trillion valuation framework, but the filings also note that the AI business requires substantial ongoing capital investment.
How does SpaceX’s IPO financing amount compare with Saudi Aramco’s 2019 IPO?
Saudi Aramco raised $29.4 billion in its 2019 IPO, which was the largest IPO on record at the time. SpaceX is targeting $75 billion this time; if it achieves the target, the financing scale would exceed Saudi Aramco’s 2019 figures by about 155%.
