A handful of venture firms placed early bets on Elon Musk’s rocket company. Those bets are about to pay off in a way that makes typical venture returns look like pocket change.
SpaceX is gearing up for what would be the largest IPO ever, targeting a valuation between $1.75 trillion and $1.8 trillion. At that price, early investors Founders Fund and Valor Equity Partners are each expected to realize returns exceeding $60 billion.
The numbers behind the monster listing
SpaceX plans to sell roughly 555.6 million shares at $135 each, aiming to raise $75 billion in total proceeds. The company filed its S-1 with the SEC on May 20, 2026, following a confidential submission back in April, with the listing targeted for on or around June 12.
Investor appetite has been aggressive. Total orders reportedly surpassed $250 billion, making the offering nearly fourfold oversubscribed. BlackRock alone submitted an order exceeding $5 billion.
