SpaceX readies a massive IPO at a roughly $1.75tn valuation

Multiple major outlets say SpaceX is moving toward one of the largest public offerings in history, with pricing described at $135 a share and an implied valuation of about $1.75 trillion.

Barron’s reported that the company is preparing to sell 555,555,555 shares in a deal that would raise about $75 billion. On that math, the share count points to a valuation near $1.75 trillion. The same reporting said brokers could also sell an additional 83.3 million shares through an overallotment option.

The Wall Street Journal’s live coverage also said SpaceX is planning to sell shares at $135 each, implying a valuation above $1.7 trillion. A separate MarketWatch report echoed the $75 billion fundraising target and said the deal could have broad market effects because of its size.

Deal timing and process

Barron’s said the roadshow began on June 4 and that institutional orders are being processed through S&P Global’s Equity Bookbuild platform. That coverage said final pricing was expected Thursday, with trading Friday.

The reported sequence suggests the company is moving from market rumor into execution. The current reporting describes a live order process, not just speculation about a future listing.

Who is involved

SpaceX is led by Elon Musk and is best known for its rocket business and Starlink satellite internet service. The reports say JPMorgan, Goldman Sachs and Morgan Stanley are among the banks involved in the offering process.

Barron’s also said SpaceX has not publicly commented on the reported terms. That leaves the final size, pricing details and any official company statement still unconfirmed.

Why the IPO matters

If completed on the reported terms, the offering would rank among the largest IPOs ever. That would make it a major test of investor appetite for a company with both aerospace and satellite exposure.

The deal could also reverberate beyond SpaceX itself. A successful listing at this scale would be a landmark for private markets and could influence how investors value other high-growth technology companies.

What is still unknown

The biggest open questions are whether SpaceX or its bankers will formally confirm the deal, whether the final share count changes, and whether the overallotment option is used. The exact trading date and ticker have also not been publicly confirmed in the reporting reviewed here.

For now, the strongest reporting points in the same direction: SpaceX appears to be advancing a massive IPO at a price that would value the company near $1.75 trillion, with the final confirmation still to come.