SpaceX Targets June Nasdaq IPO at $1.75T Valuation
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- SpaceX is targeting a June 12 Nasdaq listing under a potential ticker of SPCX, per Reuters, accelerating a timeline that had pointed to late June or early July
- The company plans to announce the IPO as early as the following Wednesday (around May 20-21, 2026), with an investor roadshow beginning June 4 and share pricing as early as June 11
- SpaceX is looking to raise as much as $75 billion at a $1.75 trillion valuation — figures that would rank the offering among the largest IPOs in history
- BlackRock is weighing a $5-10 billion investment in the offering, according to The Information
- SpaceX filed initial IPO paperwork earlier in 2026 and has rapidly expanded its ambitions — filing in January to launch a million satellites for an "orbital data center" and pivoting in February toward building a lunar city over Mars colonization
- SpaceX acquired Musk's AI company xAI earlier in 2026, a deal the article suggests could factor into the company's sky-high pre-IPO valuation
Why it matters: At $1.75 trillion, SpaceX would eclipse every IPO in history, and the $75 billion raise would test whether public markets can absorb a deal that size. BlackRock's reported $5-10 billion anchor bet signals the kind of institutional conviction typically reserved for the most trusted blue chips, while the xAI absorption means public investors buying SPCX are also buying Musk's combined space-and-AI thesis in one trade.
