SpaceX sets price as it aims for world's largest stock market debut

SpaceX has set a suggested share price of $135 for its planned initial public offering, aiming to raise $75bn in what would be the largest IPO in history ^[1][2]. The company's valuation is set at roughly $1.75tn, up from $1.25tn earlier this year ^[1][2].

The offering is expected to start trading on the Nasdaq stock index on 12 June ^[1][2]. Elon Musk controls over 80% of SpaceX with his own stock holdings ^[1][2]. The proposed $75bn fundraising target would surpass the current record held by Saudi Aramco, which raised $25.6bn in 2019 ^[1][2]. Setting an estimated price more than a week before the public debut is an unusual move in capital markets ^[1][2]. Companies typically only reveal their desired share price the day before trading begins ^[1][2]. The $1.75tn valuation represents a significant premium, with analysts noting the company is being valued on future earnings potential rather than current financial performance ^[1][2]. Last year, SpaceX reported $18.6bn in revenue but had a net loss of $4.9bn ^[1][2]. In the first quarter of this year, it achieved $4.7bn in sales but recorded a net loss of $4.3bn ^[1][2]. The company's balance sheet shows $102bn in assets, such as rockets and equipment, against $60.5bn of debt ^[1][2]. Beyond its core rocket business, SpaceX is investing heavily in artificial intelligence, social media through its ownership of xAI, space-based internet services via Starlink, and data centers ^[1][2].