SpaceX plans to use the proceeds to expand its Starlink satellite network and invest in artificial intelligence infrastructure
Elon Musk’s SpaceX is preparing for what could become the largest initial public offering (IPO) in history and is planning to sell 555.6 million shares at a fixed price of $135 each, reports Reuters.
The space and AI company is aiming to raise $75 billion and secure a valuation of about $1.75 trillion.
The move breaks with standard IPO practice. Most companies announce a price range and adjust it based on investor demand during the roadshow process. SpaceX instead plans to set a fixed price before meeting investors, signaling confidence in demand for its shares.
The IPO is expected to launch a new wave of major stock market listings, with AI firms OpenAI and Anthropic also considering public offerings. SpaceX plans to use the proceeds to expand its Starlink satellite network and invest in artificial intelligence infrastructure.
Investors are betting heavily on Musk’s vision, including future businesses such as Mars missions and space-based data centers. However, the company faces questions about profitability after reporting a net loss of $4.94 billion in 2025, despite generating $18.67 billion in revenue.
SpaceX is expected to begin trading on Nasdaq under the ticker symbol “SPCX” on June 12.