SpaceX is set to go public at $135 per share, targeting a $75 billion raise that would shatter all previous IPO records. The listing on the Nasdaq is scheduled for June 2-3, 2026, valuing the company between $1.75 trillion and $1.77 trillion.
To put this in perspective, Saudi Aramco's 2019 IPO raised roughly $25.6 billion. SpaceX is aiming nearly triple that amount in a single offering.
The company is selling approximately 555.6 million shares, but only 4% of total shares will trade publicly. Traditional banking involvement is minimal. SpaceX is leveraging recent Nasdaq rule changes allowing large IPOs faster inclusion in major indices, which forces passively managed funds to buy shares, creating built-in demand.
SpaceX merged with Elon Musk's AI venture, xAI, earlier in 2026. Proceeds will fund both launch operations and AI initiatives. A 4% float could lead to extreme early volatility. The xAI merger introduces competition with entrenched rivals like OpenAI and Google DeepMind.