SpaceX is about to do something it’s never done before: make its employees rich in liquid cash, not just on paper. The Elon Musk-founded rocket company is preparing for what would be the largest initial public offering in history, with an expected valuation of approximately $1.8 trillion and a target share price of $135.
That number would surpass Saudi Aramco’s record-setting debut. And unlike most IPOs, where the wealth creation concentrates at the C-suite level, SpaceX’s offering is expected to mint roughly 4,000 new millionaires across the company. That includes engineers, yes, but also cafeteria workers who received stock options as part of their compensation.
From equity promises to real money
For years, the company has paid many of its employees below market-rate salaries, supplementing the difference with equity grants and stock options. That bet is about to pay off in spectacular fashion.
The IPO aims to raise $75 billion, which would give long-tenured employees holding even modest equity stakes enough liquidity to cross the seven-figure threshold. The company filed confidentially with the SEC in April 2026, and pricing is expected to be finalized in early June 2026. Shares will trade under the ticker SPCX.
