SpaceX lowered its IPO target from a previous estimate of over $2 trillion following investor feedback, according to Bloomberg reporting from May 29. The revised figure of $1.8 trillion still makes this the most ambitious IPO ever attempted, by a wide margin.
The numbers behind the rocket
SpaceX plans to offer approximately 555.6 million shares priced at $135 each, aiming to raise around $75 billion in total. The company filed its S-1 registration with the SEC on May 20, 2026, and a formal roadshow is expected to kick off as early as June 4.
Trading is slated to begin on Nasdaq under the ticker SPCX on June 12.
SpaceX reported $18.7 billion in revenue for 2025, driven primarily by Starlink subscriptions. But the company also posted a net loss, partly due to costs tied to its xAI acquisition.
