SpaceX is about to make every previous IPO look quaint. The company filed to raise $75 billion by offering 555.6 million shares at $135 each, a deal that would value the rocket and satellite giant at roughly $1.77 trillion once the dust settles.
For context, Saudi Aramco’s 2019 IPO raised $25.6 billion and held the record for years. SpaceX is looking to nearly triple that figure. Pricing is targeted for June 11, with shares expected to begin trading on Nasdaq under the ticker SPCX the following day.
The biggest IPO ever, by a wide margin
Goldman Sachs is leading the underwriting effort as left lead, with other major Wall Street banks lining up behind it. The offering is fully primary, meaning SpaceX itself receives all the proceeds rather than existing shareholders cashing out.
According to the filing, SpaceX plans to pour proceeds into AI development, expansion of its Starlink satellite internet constellation, increased launch capacity, and general corporate purposes.
