Key facts
- SpaceX's IPO is expected to be the largest in history, potentially raising $75 billion.
- The company's valuation could reach $1.77 trillion at an offering price of $135 per share.
- Approximately 4,400 current and former SpaceX employees are expected to become millionaires.
- Elon Musk could become the world's first trillionaire, depending on his stake's value post-IPO.
- SpaceX plans to deploy 100,000 Starlink satellites and establish a base on the moon, eventually colonizing Mars.
SpaceX is preparing for its initial public offering, which is anticipated to be the largest in history and could value the company at $1.77 trillion. The IPO is expected to raise approximately $75 billion, with shares offered at $135 each. This event is projected to create thousands of millionaires among SpaceX's current and former employees, including lower-paid workers.
Elon Musk, a major owner of SpaceX and already the world's richest man, stands to significantly increase his wealth, potentially becoming the first trillionaire. His net worth was reported at $970 billion, according to a WSJ analysis.
The prospectus details ambitious plans for SpaceX, including sending humans to the moon to establish a base and eventually colonizing Mars. Musk aims to deploy 100,000 next-generation Starlink satellites into orbit, a substantial increase from the current approximately 9,600. SpaceX's total spending across its units, including rockets, satellites, and AI technology, was $20.7 billion in 2025, with the Starlink unit accounting for $11.4 billion of that.
Musk will retain significant control over SpaceX, holding 82.4% of the company's voting power through his ownership of Class B shares. The company also purchased $131 million worth of Cybertrucks from Musk's other company, Tesla, in 2025. Approximately 30% of the IPO shares are designated for retail investors, a larger proportion than typically seen in such offerings.