SpaceX is poised to launch the largest initial public offering in history, targeting a $75 billion raise at $135 per share. This pricing establishes a pre-market valuation of approximately $1.77 trillion for Elon Musk’s aerospace giant. Trading commences on Nasdaq under the ticker SPCX on June 12, 2026, with institutional demand already oversubscribing the offering by more than four times.
Pre-IPO perpetual futures currently price shares at $162, signaling market expectations for a 20% first-day gain. The massive appetite stems from SpaceX’s evolving narrative beyond rockets and Starlink broadband. Investors are heavily weighting the company’s AI-related projects, specifically plans for orbital data centers, as central to its long-term growth thesis.
This liquidity event is creating immediate gravitational pull across risk assets. Bitcoin declined 15% ahead of the listing, marking its steepest weekly drop since November 2022. Large allocators are liquidating digital asset positions to secure capital for this historic equity entry. With Anthropic and OpenAI also preparing public debuts, this rotation from crypto to AI-adjacent equities may intensify through the coming quarters.