SpaceX Sets $135 IPO Price Targeting $1.75 Trillion Valuation
CNBC confirmed Wednesday that the SpaceX IPO has been set at a fixed price of $135 per share. The figure implies a total valuation of $1.75 trillion for SpaceX founder Elon Musk’s rocket and satellite company. The Nasdaq debut is scheduled for June 12 under the ticker symbol SPCX.
A Departure From Standard IPO Practice
Most companies entering public markets present a price range rather than a single fixed figure. That range lets underwriters measure investor appetite at various levels before settling on a final number. SpaceX opted for a different approach, locking in one price after an extended series of pre-roadshow investor meetings. The decision signals unusually strong confidence in sustained demand at the headline valuation.
The offering covers roughly 555.6 million shares, pointing to a gross fundraise of approximately $75 billion. That figure would dwarf every prior U.S. listing, including Alibaba’s 2014 debut, which has long held the record. SpaceX’s raise would be more than triple that benchmark.
How SpaceX Stacks Up Against Peers
At $1.75 trillion, SpaceX would rank as the seventh-largest publicly traded company in the United States. Notably, that surpasses the roughly $1.6 trillion market capitalisation of Tesla, Musk’s electric-vehicle company. The valuation assumes two pending transactions, involving EchoStar spectrum assets and an AI coding tool called Cursor, close successfully.
Background: From SEC Filing to Roadshow
SpaceX filed its initial prospectus with the Securities and Exchange Commission late last month. That document disclosed substantial losses alongside details of Musk’s commanding ownership stake. An amended filing followed on Monday, revealing a direct share programme that reserves up to 5% of IPO stock for selected employees and certain designated individuals. The pre-roadshow testing-the-waters process ran for several weeks before the company finalised its single-price strategy.
What Comes Next for SPCX
The June 12 listing will mark one of the most closely watched market events in years. A successful pricing at this level would cement SpaceX’s position among the most valuable companies ever to go public. Investor attention will now shift to roadshow presentations over the coming days, where management will make the case for sustaining that valuation in open trading.
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