$1.77 trillion! SpaceX is about to become the 7th-most valuable American company

SpaceX's Starship megarocket launches on its 12th test flight, on May 22, 2026.

(Image credit: SpaceX)

SpaceX's initial public offering (IPO) will launch the company into rarefied financial air.The company revealed this week that it plans to sell shares at $135 apiece during the IPO, which will occur June 12 when SpaceX begins trading on the Nasdaq under the ticker symbol SPCX.That share price would give the company a valuation of $1.77 trillion, according to CNBC. Just six American companies are worth more: NVIDIA, Apple, Alphabet (Google), Microsoft, Amazon and semiconductor manufacturer Broadcom.SpaceX aims to sell 555.6 million shares during the IPO, raising a total of $75 billion, CNBC reported. That would smash the IPO fundraise record of $21.8 billion, which was set back in 2014 by Chinese tech giant Alibaba.The cash infusion will help SpaceX reach truly unprecedented heights, if all goes according to plan.Elon Musk's company already dominates the global launch market, lofting 85% of all the satellites that went up in 2025. Most of those spacecraft were its own Starlink broadband craft, which constitute more than 75% of all active satellites in Earth orbit.But the company is diversifying beyond launch and telecommunications — specifically, into artificial intelligence. SpaceX recently acquired xAI, the startup that Musk founded in 2023. xAI owns X (the social media platform formerly known as Twitter), built the generative AI chatbot Grok and operates Colossus, a supercomputer cluster in Tennessee.