SpaceX targets record $75 Billion IPO amid valuation concerns

SpaceX has filed with the US Securities and Exchange Commission to launch an initial public offering of 555.6 million shares at $135 each, aiming to raise $75 billion.

The offering would value the company at approximately $1.77 trillion, surpassing the previous record set by Saudi Aramco in 2019. Trading is expected to begin on June 12, with the final IPO price to be set on June 11 based on market demand.

The company is considering allocating up to 30% of shares to retail investors. Access will be provided through brokerages including Charles Schwab, Fidelity, Robinhood, SoFi Technologies and E*Trade.

Minimum investment requirements vary: Fidelity lowered its threshold to $2,000, while Schwab requires $100,000, and others have not specified minimums. Allocation policies may restrict investors who quickly sell shares after previous IPO participation.

Analysts have raised concerns about valuation and volatility. Morningstar described the company as significantly overvalued, citing reliance on unproven technologies and expected high costs.

Other analysts, including Michael Burry, questioned the trillion-dollar valuation, while additional commentary highlighted potential volatility linked to Elon Musk’s influence and control over voting power.

SpaceX reported a net loss of $4.28 billion in its latest quarter, following a $4.94 billion loss in 2025. Its Starlink satellite internet division generated 69% of first-quarter revenue and was the only profitable segment, while its space and AI divisions recorded losses.

The IPO comes amid a volatile market for new listings, which have recently underperformed broader indices despite signs of recovery in 2026.