SpaceX has confirmed with its underwriting banks that the $135 per share IPO price is final, avoiding the typical book-building process. The company plans to sell roughly 555.6 million shares, targeting a $75 billion raise-potentially the largest IPO in US history-and an implied valuation between $1.75 trillion and $1.77 trillion.
The underwriters include Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan. SpaceX has bypassed the usual price adjustment process, setting a fixed price. Shares will trade on the Nasdaq under the ticker SPCX, with pricing expected on June 11 and trading to begin on June 12.
Elon Musk’s personal stake in SpaceX is valued at approximately $740 billion to $752 billion at the $135 price. SpaceX has been private since 2002, with growth driven by its Starlink satellite internet division and dominance in commercial launches. For retail investors, the fixed price removes the risk of last-minute increases, but a significant first-day pop could occur if demand exceeds supply.