With Elon Musk’s $1.75 trillion space gamble poised to rewrite the financial playbook, will mounting corporate losses trigger a historic Wall Street crash? The industry wonders.
SpaceX is planning to fix its initial public offering (IPO) price at $135 per share to raise a record-setting $75 billion, according to an exclusive report by Reuters. The decision bypassed the traditional corporate strategy of setting an initial price range ahead of the company’s investor roadshow.
The rocket and satellite communications manufacturer intends to sell 555.6 million shares, targeting an overall market valuation of $1.75 trillion. It is scheduled to debut on the Nasdaq under the ticker symbol ‘SPCX’ on 12 June 2026, following an institutional bookbuilding process led by global underwriting banks including Goldman Sachs and Morgan Stanley.
The primary offering structure requires that all capital raised fund corporate expansion rather than existing shareholder liquidations. Chief Executive Elon Musk faces a mandatory 366-day share lock-up period post-listing. Financial capital is earmarked to develop space-based artificial intelligence data centres and grow the Starlink satellite network. The strategy calls for a merger in early 2026 between SpaceX and Musk’s chatbot startup, xAI.
The company’s target valuation represents a trailing price-to-revenue multiple of 93.7 times its 2025 revenue of $18.67 billion. Independent valuations vary widely, with Morningstar valuing the firm at $780 billion due to currently unprofitable business divisions.
While Starlink remains profitable, SpaceX reported a net loss of $4.94 billion in 2025. First-quarter losses for the period ending 31 March also widened to $1.27 per share, despite revenues rising to $4.69 billion.
Reuters also predicted that corporate governance frameworks within the prospectus could invite investor scrutiny. A dual-class share structure ensures voting power remains concentrated with Musk and close insiders.
Up to 30% of the offering may be allocated to retail investors. This listing is expected to precede public market entries by AI firms OpenAI and Anthropic.
