SpaceX has officially moved toward a historic public offering. The company filed an S-1 registration statement outlining a plan to raise up to seventy-five billion dollars at a hundred thirty-five dollars per share. With a potential greenshoe option, the total could reach eighty-five point seven billion dollars, placing the company’s valuation between one point seven five and one point eight trillion dollars.
Trading is slated to begin on the Nasdaq under the ticker SPCX around June eleventh. The accelerated timeline follows a confidential SEC filing in April. Notably, thirty percent of the offering, roughly twenty-five to twenty-six billion dollars, is allocated directly to retail investors through major brokerage platforms. That retail concentration significantly exceeds standard mega-cap offerings.
Financially, the stakes are high. SpaceX generated approximately eighteen point seven billion dollars in revenue last year, with Starlink driving more than sixty percent of sales. Despite strong growth, the company remains in a cash-burning phase. Current valuation multiples sit between eighty-seven and one hundred four times revenue, far outpacing recent tech IPOs that typically traded at twenty to forty times.
Market watchers are closely monitoring the lockup expiration. Insiders and early investors face a ninety to one hundred eighty day restriction, pushing a potential selling cliff to December. That window could trigger one of the largest insider liquidation events in market history.
While this is a strictly traditional equity offering, the retail tranche carries implications for digital asset portfolios. The demographic targeting these brokerage shares heavily overlaps with cryptocurrency holders. As retail access opens at one hundred thirty-five dollars, analysts warn capital may rotate from digital assets into aerospace equities. Investors should track the June listing and the December lockup expiration as primary catalysts.