SpaceX is about to go public in what could be the largest initial public offering ever conducted. The company is targeting a raise of approximately $75 billion at $135 per share, which would value Elon Musk’s rocket company at roughly $1.77 trillion before it even starts trading.
Trading is set to begin on Nasdaq under the ticker SPCX on June 12, 2026. Institutional demand has reportedly oversubscribed the offering by more than four times, with order books closing by June 10. Pre-IPO perpetual futures are already pricing SpaceX shares at $162, suggesting traders expect a roughly 20% pop on the first day of trading.
The AI connection that’s driving the valuation
SpaceX isn’t just selling investors on rockets and Starlink broadband. A significant portion of the company’s valuation thesis now rests on AI-related projects, including plans for space-based data centers. That framing has clearly resonated with institutional buyers, given the massive oversubscription.
Anthropic and OpenAI are also reportedly preparing their own IPOs, creating a pipeline of AI-adjacent offerings that could collectively absorb enormous amounts of investor capital.
