SpaceX Sets $135 Share Price, Valuing at $1.77T
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- SpaceX set a fixed IPO price of $135 per share, according to an SEC filing.
- SpaceX plans to sell 555.6 million shares, targeting a $75 billion raise, with underwriters holding an option for an extra 83.33 million shares that could add $11.2 billion.
- Elon Musk will retain over 82 % voting control after the offering.
- SpaceX would be valued at $1.77 trillion, assuming the EchoStar spectrum and Cursor transactions close, making it the seventh‑largest U.S. company by market cap and surpassing Tesla.
- xAI, Musk’s AI unit, bought $269 million of Tesla megapacks in April, while Tesla sold $430 million of backup batteries to xAI last year, highlighting financial overlaps between Musk’s firms.
- SpaceX is slated to list on the Nasdaq on June 12 under the ticker "SPCX," and the IPO would be the biggest ever, more than three times the size of Alibaba’s U.S. debut.
Why it matters: Investors gain a rare chance to buy into Musk’s aerospace empire at a price that reflects both its rocket business and its growing AI and energy ties, while Tesla’s shareholders see a modest $2.56 billion stake in SpaceX. The IPO’s size could reshape Nasdaq listings and set a new benchmark for private‑to‑public valuations.
