SpaceX to raise $75 billion at $1.77 trillion valuation in its upcoming IPO

SpaceX priced its highly anticipated IPO on Thursday, June 11, 2026, at $135 per share, hitting that massive $75 billion raise and commanding a market valuation of $1.77 trillion.

It is scheduled to officially begin public trading on the Nasdaq under the ticker SPCX.

Here is a breakdown of the key details and why this listing is turning the financial world upside down:

1. Crushing Previous Records

To put this $75 billion raise into perspective, it completely obliterates the previous all-time IPO record held by Saudi Aramco, which raised $25.6 billion in 2019. At $1.77 trillion, SpaceX instantly debuts as one of the top 10 most valuable publicly traded companies on Earth—opening with a higher valuation than giants like Alphabet, Meta Platforms, and Berkshire Hathaway.

2. The AI Twist (xAI Merger)

SpaceX is no longer just a rocket and satellite company. Earlier this year, Elon Musk merged his artificial intelligence startup, xAI (the creators of Grok), directly into SpaceX. The $75 billion influx of cash is explicitly earmarked to scale up massive AI compute infrastructure, alongside expanding Starlink and Starship launch facilities.

3. High Demand, High Valuation Risks

Despite overwhelming investor demand—which reports indicate was up to four times oversubscribed—the company's financials have drawn caution from some analysts.

• The Losses: SpaceX reported $18.67 billion in revenue for 2025, but walked away with a net loss of $4.94 billion, largely dragged down by massive, pre-revenue AI investments from the xAI division.

• The Multiple: At $1.77 trillion, the company is trading at a steep price-to-sales ratio of roughly 95x its 2025 revenue.

4. Overwhelming Control & Retail Allotment

Musk is rewriting the traditional IPO playbook in two major ways:

• Total Control: This is an all-primary share issuance, and Musk is holding onto Class B shares that carry 10-to-1 voting power. He maintains an ironclad 82.4% voting control over the public company.

• Power to the People: SpaceX took the highly unusual step of reserving up to 30% of the IPO shares for retail investors, leaning heavily into the public enthusiasm that drives modern market momentum.

5. History's First Trillionaire?

Because Musk retains such an enormous equity stake in SpaceX, the successful $1.77 trillion public valuation is expected to push his personal net worth well past the $1 trillion mark, making him the first official paper trillionaire in history.

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It is going to be wild to see how the broader market digests the stock once the opening bell rings. Are you looking to buy into SPCX, or just watching the chaos from the sidelines?