SpaceX is poised to execute the largest initial public offering in history, scheduled to begin trading on the Nasdaq under ticker SPCX on June 12, 2026. The company plans to sell 555,555,555 shares at $135 each, targeting a capital raise of $75 billion and establishing a post-IPO valuation of approximately $1.77 trillion.
At this valuation, Elon Musk’s retained 49% equity stake would be worth roughly $866.5 billion. When combined with his existing holdings in Tesla and other ventures, this figure positions Musk to surpass the $1 trillion net worth threshold, a milestone no individual has previously achieved.
The company’s S-1 filing revealed a significant digital asset position: SpaceX holds 18,712 Bitcoin on its balance sheet as of March 31, 2026. Valued between $1.29 billion and $1.45 billion, this holding exceeds prior market estimates. The filing indicates no exposure to other cryptocurrencies or blockchain projects, treating Bitcoin strictly as a treasury reserve asset.
Founded in 2002 with the goal of multiplanetary expansion, SpaceX enters the public markets having already reached a $1.25 trillion valuation in private circles. To maintain control, Musk will retain approximately 85% of combined voting power through a dual-class share structure. This mirrors strategies used by other tech founders to secure economic access while preserving operational authority.
Market analysts anticipate swift inclusion in major indices like the Nasdaq 100, which would mandate purchases by index funds and ETFs. Consequently, SpaceX’s public performance may influence sentiment toward Tesla, given Musk’s intertwined financial portfolio. While a 30% drop in Bitcoin prices would impact SpaceX’s balance sheet, the effect remains manageable for a entity of this scale.