Elon Musk’s SpaceX unveiled plans Wednesday to raise $75 billion in an initial public offering of its stock that would value the company at roughly $1.77 trillion. The blockbuster debut could make Musk – already the world’s richest person – the first trillionaire.
SpaceX plans to sell 555.6 million shares at an initial price of $135 a share, the company said in a filing with the Securities and Exchange Commission. The decision to dictate one price target, as opposed to offering a range, is a unique move that reflects the hot IPO market around the AI craze and Musk’s own tendency for mega-scale goals.
Musk, who currently owns half of SpaceX, would still control nearly half of the company’s total shares after the offering. However, some of those are special shares with greater voting power, and Musk will control 82.4% of the voting power after the IPO, according to the filing.
Source:
https://www.cnn.com/2026/06/03/business/spacex-ipo-valuation-musk
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