SpaceX Prices IPO at $135 Per Share on Friday, Valuing Company at $1.75 Trillion

SpaceX priced its IPO at $135 per share on Friday (June 12), valuing the aerospace company at $1.75 trillion with $75 billion in fundraising, according to former Wall Street analyst Alexandra Mertz. The company plans to issue 555 million Class A shares; with demand exceeding supply by 2 times, underwriters are expected to exercise the "green shoe option" to boost total proceeds to $86 billion.

Mertz highlighted two critical dates for investors. On July 7—the first trading day after the July 4 holiday and the 15th trading day post-IPO—SpaceX officially joins the Nasdaq-100 Index, potentially triggering 80 billion to 180 billion dollars in passive fund inflows. Later in July, when early shareholders face their first 30% lockup unlock following Q2 earnings, actual selling pressure will be limited: approximately 50% of unlocking shares belong to Musk, who faces a 366-day founder's lock-in period, effectively reducing public market supply to only 10–15%.