- SpaceX has secured $75 billion through an IPO priced at $135 per share
- The offering values the company at approximately $1.77 trillion
- The 2026 Air and Space Summit will examine commercial space relay, AI and more
SpaceX has priced its initial public offering at $135 per share, raising $75 billion and valuing the space and artificial intelligence company at approximately $1.77 trillion, Reuters reported Thursday.
As government agencies and commercial companies expand investments in space technologies, experts will gather at the 2026 Air and Space Summit to discuss commercial space relay, interoperable optical networks, artificial intelligence and other emerging capabilities shaping the future of the domain. Register now for the July 30 event!
What Is the Size of SpaceX’s IPO?
The IPO generated $75 billion in proceeds through the sale of 555.56 million shares. The transaction surpasses the previous record set by Saudi Aramco, which raised $25.6 billion in its 2019 public offering, according to the news agency.
Based on approximately 13.08 billion shares outstanding, the offering values SpaceX at $1.77 trillion.
In May, SpaceX initially announced plans to go public by filing a registration statement with the Securities and Exchange Commission.
How Is SpaceX Structured Following the IPO?
According to Reuters, SpaceX allocated 30 percent of the offering to retail investors. Following the public offering, CEO and Founder Elon Musk, a previous Wash100 awardee, will retain 82 percent of the company’s voting power.
Founded in 2002, SpaceX provides launch services through its space transportation business and satellite internet services through Starlink, which the company said accounts for most of its revenue.
In February, SpaceX acquired xAI as part of a push to combine the two companies under a single corporate structure to integrate AI development with space launch, satellite-based communications and related infrastructure.
How Will the Offering Proceed?
In a release published Thursday, the company said the shares are expected to kick off trading Friday, June 12, on the Nasdaq Global Select Market and Nasdaq Texas under the ticker symbol “SPCX.” SpaceX expects the offering to close on Monday, June 15, subject to customary closing conditions.
The company also granted underwriters a 30-day option to buy up to an additional 83.3 million shares of Class A common stock at the IPO price.
Goldman Sachs, BofA Securities, Morgan Stanley, Citigroup, J.P. Morgan, Barclays, Deutsche Bank Securities, RBC Capital Markets, Wells Fargo Securities and UBS Investment Bank are serving as book-running managers for the offering.
What Contracts Has SpaceX Booked Recently?
SpaceX continues to support the National Security Space Launch, or NSSL, program through launch awards from the U.S. Space Force.
In January, the company received nine task orders worth $739 million combined from the Space Force to provide Phase 3 Lane 1 launch services under the NSSL program.
In April, SpaceX secured a $178.5 million task order from Space Systems Command for additional launches under NSSL Phase 3 Lane 1.
