SpaceX is plotting what would be the largest IPO in history, aiming to raise $75 billion by selling 555.6 million shares at $135 each. If it pulls this off, the post-money valuation would land somewhere around $1.77 trillion, placing SpaceX in the same neighborhood as the most valuable public companies on the planet.
The offering is slated for June 2026, and demand has reportedly already outstripped available shares within hours of the roadshow’s announcement.
The numbers behind the hype
Analyst estimates suggest the IPO pricing implies valuation multiples exceeding 90 times trailing or forward sales. To justify that price tag, SpaceX would need to deliver sustained revenue growth of roughly 40% annually.
SpaceX reported a net loss of nearly $2.6 billion in the most recent fiscal year, driven in large part by investments in xAI, the company’s artificial intelligence venture. The Starlink satellite internet division has shown signs of profitability on its own, but the broader company is still burning cash.
