SpaceX has told its underwriting banks that the $135-per-share IPO price is staying put. No adjustments, no book-building theatrics, no last-minute haggling. The company confirmed the fixed price on June 4, 2026, making it clear to Wall Street’s biggest names that this offering will play by a different set of rules.
The company plans to sell roughly 555.6 million shares at that price, targeting a $75 billion raise. If it pulls that off, it would be the largest IPO in US history, and it would land SpaceX an implied valuation somewhere between $1.75 trillion and $1.77 trillion. That’s top-ten territory among publicly traded US companies on day one.
A fixed price and five heavyweight banks
The underwriter roster reads like a who’s who of investment banking: Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan. Normally, these firms would spend the roadshow period gauging investor appetite and nudging the price up or down accordingly. That’s the standard book-building process, a ritual as old as the modern IPO itself.
SpaceX is skipping the ritual. The $135 figure is final, and the banks have been told as much.
