Key facts
- SpaceX is preparing for an Initial Public Offering (IPO).
- The company aims to raise $75 billion.
- The IPO valuation is set at approximately $1.75 trillion.
- Up to 30% of the offering is allocated to retail investors.
- The IPO price is fixed at $135 per share.
SpaceX is gearing up for what is expected to be the largest public offering in history, aiming to raise $75 billion at a valuation of approximately $1.75 trillion. Wall Street firms are actively promoting the IPO, with JPMorgan CEO Jamie Dimon hosting Elon Musk at a major event for the bank's top clients. Musk remotely pitched the company's ambitious, science-fiction-like goals, including harnessing solar power, colonizing planets, and developing interplanetary hospitality with "moon hotels." Other banks like Goldman Sachs and Bank of America are also showing support through themed decorations. The IPO process is unconventional, with up to 30% of the offering allocated to retail investors, and Fidelity lowering the minimum account balance required for access. E-Trade is offering Tesla shareholders with long-term holdings an extra allocation of SpaceX shares. SpaceX plans to go to market at a fixed price of $135 per share, deviating from the typical price range approach. Some analysts view the $1.75 trillion valuation as potentially overvaluing the company, which reported a $4.9 billion loss in 2025 on $18.7 billion in revenue.