SpaceX files $75bn IPO at $1.77tn valuation
SkimNews Take
The valuation reflects the market's increasing confidence in long-term, high-capital ventures over immediate profitability, shifting investment priorities from traditional returns.
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- SpaceX filed to sell 555.6 million shares at $135 each, targeting a $75 billion raise and a $1.77 trillion market valuation.
- Elon Musk will retain 82.4% of voting power and will not sell any of his SpaceX shares, preserving his $542 billion stake.
- SpaceX posted a $4.9 billion loss in 2025 on $18.7 billion revenue, though revenue grew a third year‑over‑year.
- Saudi Aramco's 2019 IPO at a $1.7 trillion valuation and $25.6 billion raised is now eclipsed by SpaceX’s planned $1.77 trillion valuation.
- Goldman Sachs leads the underwriting team, with Morgan Stanley, JP Morgan, Bank of America and Citigroup also participating in the June 12 listing.
- JP Morgan boss Jamie Dimon will host a live interactive discussion with high‑net‑worth clients, featuring SpaceX president Gwynne Shotwell and CFO Bret Johnsen.
- Analyst Dan Ives (Wedbush) suggested the IPO could enable a future merger of SpaceX with Tesla, creating a combined platform for AI and disruptive tech.
Why it matters: The $75 billion offering would lift Musk’s net worth above $1 trillion, making him the first trillionaire, and would insert a $1.77 trillion company into the S&P 500, giving pension‑fund and retail investors direct exposure to his AI and space enterprises despite the firm’s $4.9 billion loss.
