Gotrade News - SpaceX plans to price its initial public offering at $135 per share, targeting a record $75 billion raise. According to Reuters via Investing.com, the company will sell 555.6 million shares at a $1.75 trillion valuation.
The all-primary offering will trade on Nasdaq under ticker SPCX, with debut expected on June 12, 2026. Market watchers see the deal as a defining moment for commercial space investing and adjacent listed peers.
Key Takeaways
SpaceX sets IPO price at $135 per share for 555.6 million shares, raising $75 billion.
Valuation reaches $1.75 trillion, making it the largest US IPO on record.
Nasdaq debut under ticker SPCX is targeted for June 12, 2026.
Deal Structure And Underwriters
The offering is entirely primary, meaning all proceeds flow to SpaceX rather than existing shareholders. As reported by Investing.com, a 15% greenshoe option could lift the total raise beyond the $75 billion base.
Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan serve as joint book-running managers on the deal. Existing shareholders face a staggered lockup and will likely wait until after the first quarterly earnings report to sell.
Elon Musk must hold his personal stake for 366 days following the listing, signaling long-term alignment with public investors. Per Bloomberg, the structure mirrors Rivian Automotive's 2021 all-primary listing where backers like Amazon and Ford did not sell.
Financials And Market Read-Through
SpaceX reported 2025 revenue of $18.67 billion, with Starlink driving most of the company's revenue, profits, and growth. The company swung to a net loss of $4.94 billion from a 2024 profit of $791 million, reflecting heavy reinvestment.
According to a law expert quoted by Reuters, "Musk is simply taking a take-it-or-leave-it approach which works for his followers and is also sensible given the market conditions and the lack of comparables." SpaceX also merged with Musk's AI startup xAI earlier in 2026, broadening the platform thesis.
The pricing sets a fresh benchmark for listed space peers such as Rocket Lab (RKLB), which competes in small-launch and space systems. Satellite connectivity rival AST SpaceMobile (ASTS) and space infrastructure player Redwire (RDW) may see sentiment lift as institutional flows rotate into the theme.
The deal also pressures legacy aerospace contractors to articulate their commercial space strategies more clearly. Investors will watch order books and demand allocation tiers closely ahead of the June 12 debut.
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