SpaceX Files $75B IPO at $135/Share, $1.77T Valuation
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- SpaceX filed to raise $75 billion in an IPO at $135 per share across 555.6 million shares, per a Bloomberg-reported filing, valuing the company at nearly $1.77 trillion.
- The raise would eclipse Saudi Aramco's 2019 IPO of $29.4 billion, setting a new all-time record for the largest IPO in history.
- Jamie Dimon is set to pitch JPMorgan's ultra-rich clients on the SpaceX IPO, per Bloomberg, with MarketWatch noting the offering haul could reach up to $86 billion.
- SpaceX employees are negotiating together for lower fees and tax-saving tools ahead of multimillion-dollar windfalls, pushing for VIP terms on the offering.
- The IPO filing indicates proceeds are aimed at funding AI launch capabilities, per Bloomberg's headline, linking the record raise to the AI infrastructure race.
- Elon Musk's net worth is positioned to sail past $1 trillion with the offering, per CNBC, potentially making him the world's first publicly-traded trillionaire.
- Morningstar is warning against buying SpaceX stock on day one, with Fortune reporting some smart investors plan to wait.
Why it matters: The $75B raise would be roughly 2.5x the prior record (Saudi Aramco's $29.4B in 2019), and the filing explicitly ties proceeds to funding AI launch capabilities—directly bridging the public-market record to the AI infrastructure buildout that has been valued privately until now, while MarketWatch flags a possible $86B upside scenario.
