SpaceX is preparing for what could become the largest initial public offering in history. The aerospace giant targets a $75 billion capital raise at a valuation of approximately $1.75 trillion. Plans call for offering 555.6 million shares at $135 each, with a listing scheduled for June 2026.
This move occurs alongside massive public offerings from OpenAI and Anthropic. Collectively, these three technology leaders could seek around $240 billion from investors within a compressed timeframe.
SpaceX completed an all-stock merger with Elon Musk’s xAI venture in February 2026. This transaction combined rocket and satellite operations valued at $800 billion with the Grok AI platform valued at $230 billion. Despite consolidated revenues of $18.67 billion for 2025, the company reported a net loss of $4.94 billion driven by Starship R&D and orbital data center infrastructure.
Pre-IPO demand has already surpassed $250 billion, exceeding the target raise by more than three times. However, this influx of new equity raises critical liquidity questions. Capital allocated to these mega-IPOs may redirect funds away from digital assets like Bitcoin and Ethereum.
Notably, SpaceX disclosed holdings of 18,712 BTC on its balance sheet. The company simultaneously competes with crypto markets for investor capital while holding cryptocurrency as a corporate asset. Market participants must now monitor whether this historic capital absorption creates selling pressure in adjacent sectors or establishes a new precedent for tech treasury strategies.