SpaceX has set a share price of $135 for its upcoming initial public offering (IPO), as stated in an amended filing. The company expects to raise $74.4 billion, which would value it at approximately $1.75 trillion. It is uncommon for companies to set a fixed price just a week before going public; typically, they offer a price range to accommodate changes in investor demand.
The final share price will be announced on June 11, with trading expected to commence the following day. If the shares sell at the set price, the IPO would be the largest in history, and Elon Musk’s 50 percent stake in SpaceX could be valued at around $752 billion, potentially positioning him to become the world’s first trillionaire.
Matthew Kennedy, a senior IPO market strategist at Renaissance Capital, said that raising $74.4 billion would exceed the combined total of all U.S. IPOs over the past two years. Earlier this year, SpaceX filed draft IPO registration paperwork with the U.S. Securities and Exchange Commission, revealing financial details about Musk’s other ventures and clients.
The filing indicated that Anthropic would pay the combined SpaceX-xAI entity $1.25 billion per month until May 2029 for access to xAI’s data centers. Additionally, it was reported that X, the social media platform, had faced a $595 million drop in ad revenue in 2024 due to a loss of advertising partners.
SpaceX plans to utilize funds raised from the IPO to finance future projects, including the construction of orbital data centers. The company aims to deploy 1 million satellites functioning as solar-powered data centers operating in sun-synchronous orbit at altitudes between 500 and 2,000 kilometers. Musk stated that these orbital data centers would be the most cost-effective option for generating AI computing power in the coming years, driven by decreasing rocket launch costs and reliance on solar energy.
