SpaceX expects its IPO to raise $74.4 billion
SpaceX set a $135 share price for its upcoming IPO, which could raise $74.4 billion and value the company at about $1.75 trillion.
Intelligence analysis by GPT-5.4 Mini
SpaceX has filed an amended IPO document that sets a concrete share price a week before trading, an unusual move. If the price holds, the offering would be the largest in history and would sharply lift SpaceX's valuation and Elon Musk's paper wealth.
SpaceX is trying to sell part of itself to investors at $135 a share. If that works, it would be like the biggest bake sale ever, bringing in a huge pile of money to help build future space computer centers.
Analysis
What SpaceX filed
SpaceX has set a price of $135 per share in its amended IPO filing, according to the article. Reuters and The New York Times are cited as saying it is unusual for a company to lock in a specific price a week before going public, since issuers more often use a price range to account for changing demand. SpaceX could still change the price, with the final figure due on June 11 and stock trading expected the following day.
The scale of the offering
At $135 a share, the IPO would raise about $74.4 billion. The article says that would make it the biggest IPO in history and put SpaceX's valuation at roughly $1.75 trillion. It would also leave Elon Musk's 50% stake worth around $752 billion, making him the first trillionaire if those numbers hold.
What the money is for
The company says it plans to use the capital for future projects, including orbital data centers. The article says SpaceX wants to launch 1 million satellites to function as data centers powered by solar energy, in sun-synchronous orbit between 500 and 2,000 kilometers where weather does not block sunlight. Musk is quoted in the article as saying orbital data centers could become the cheapest way to produce AI computing power within a few years, helped by lower launch costs and solar power.
What the filing also exposed
The earlier public filing reportedly revealed more about the finances of Musk's companies and their clients. The article says Anthropic would pay the combined SpaceX-xAI entity $1.25 billion a month until May 2029 for access to xAI's data centers, and that X saw a $595 million drop in ad revenue in 2024 because of a loss of advertising partners. Those details are not the main story here, but they show how much financial disclosure came with the IPO process.
Key points
- SpaceX set a share price of $135 in its amended IPO filing.
- At that price, the IPO would raise about $74.4 billion.
- The company would be valued at roughly $1.75 trillion.
- The article says the pricing move is unusual because companies often use a price range.
- SpaceX says it plans to use the funds for future projects, including orbital data centers.
If the price holds, SpaceX could raise an enormous amount of money in one offering and fund its next wave of projects. The filing says that includes orbital data centers, which the company wants to build using satellites and solar power.
The article notes the price could still change, so the headline number is not guaranteed until the final pricing on June 11. The huge valuation and unusual structure also raise the risk that investor demand, or the market's reaction after listing, could fall short of the expectations implied by the filing.
