SpaceX Targets $75 Billion IPO With Fixed $135 Share Price

Benzinga reported Tuesday that SpaceX, the commercial spaceflight company led by Elon Musk, is targeting a $75 billion raise through an initial public offering expected to launch within weeks.

SpaceX Locks In a Fixed Price Before Roadshow

The company is planning to sell 555.6 million shares at $135 apiece, according to a source with knowledge of the matter cited by Reuters. The fixed price is notable because most companies only set a price range after meeting institutional investors during a roadshow. SpaceX appears to be skipping that convention entirely. The company did not respond to a request for comment ahead of publication.

What SpaceX Said in Amended Filings

SpaceX’s earlier amended IPO filings outlined a total addressable market of roughly $28.5 trillion. A significant portion of that figure was tied to artificial intelligence, reflecting the company’s ambitions well beyond launch services and satellite internet. The breadth of that market claim signals how SpaceX intends to pitch itself to public investors — not merely as a rocket operator, but as a broader technology platform.

Background: A Long Road to Public Markets

SpaceX has long resisted going public, with Musk preferring to keep the company private to avoid short-term shareholder pressure. The firm has instead conducted periodic tender offers and secondary share sales to provide liquidity for employees and early backers. Its valuation has climbed steadily through those transactions, making a $75 billion IPO raise a landmark moment for private-to-public transitions in the technology sector. Competitor satellite ventures and aerospace firms have largely underperformed in public markets, giving SpaceX’s debut an outsized symbolic weight.

Tesla Merger Question Lingers

One thread that analysts are watching involves Tesla. If SpaceX were to merge with or acquire the electric vehicle maker, Musk’s previously contested $1 trillion compensation package could be triggered automatically. Under that scenario, pay would hinge solely on combined market capitalization rather than the original performance milestones Tesla shareholders debated at length. No merger has been formally proposed, but the possibility has drawn scrutiny given Musk’s overlapping leadership roles across both companies.

SpaceX’s IPO timetable places it among the most anticipated public offerings in years, with retirement fund managers and institutional allocators watching the roadshow closely for pricing signals.

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