SpaceX Accelerates Record-Breaking IPO to June 12; Eyes $75 Billion Raise
SpaceX Sets June 12 for Landmark IPO
SpaceX is moving its highly anticipated initial public offering forward to June 12, aiming to raise up to $75 billion and achieve a valuation of $1.75 trillion, according to a company memo reviewed by Reuters on Thursday. If successful, the conglomerate—which owns the Falcon 9 rocket, Starlink satellite network, AI startup xAI, and social media platform X—would become the eighth-largest publicly traded company in the United States, surpassing even Tesla in market cap.
“This is the most significant IPO in Wall Street history,” said Michael O’Rourke, chief market strategist at JonesTrading. “SpaceX’s diversified portfolio and the momentum from Elon Musk’s other ventures are creating a frenzy that we haven’t seen since the dot-com era.”
Background
SpaceX, founded by Elon Musk in 2002, has long been a private giant in aerospace and satellite internet. Its Starlink division now serves over 2 million subscribers globally, while the Falcon 9 rocket dominates commercial launches. The company also owns xAI, the artificial intelligence startup behind the Grok chatbot, and X (formerly Twitter).
The decision to accelerate the IPO follows a teaser from chipmaker Cerebras, whose shares doubled on their first trading day May 14. Analysts say that reception emboldened SpaceX to move faster. “The market’s appetite for high-growth tech is insatiable right now,” said Jennifer Lee, senior equity analyst at BMO Capital Markets.
What This Means
For investors, SpaceX’s public listing offers a chance to own shares in a company that ties together space exploration, global internet, AI, and social media—all under Musk’s vision. The $75 billion raise would be one of the largest in history, and the $1.75 trillion valuation would immediately rank SpaceX alongside giants like Amazon and Google.
However, the IPO also revives what some call “stock-split euphoria”—the expectation that SpaceX could later announce a stock split to make shares more accessible to retail investors, similar to Tesla’s 2020 stock split. “A high share price can be intimidating, but splits historically fuel rallies,” noted O’Rourke. “If SpaceX follows Tesla’s playbook, the mania could intensify.”
Key Details at a Glance
- IPO date: June 12 (accelerated from later in the year)
- Fundraising target: Up to $75 billion
- Valuation: $1.75 trillion
- Rank: Eighth-largest U.S. public company by market cap
- Major subsidiaries: Falcon 9, Starlink, xAI, X
The offering is expected to be oversubscribed, with institutional investors already lining up, according to sources familiar with the process. Retail investors may need to wait until the stock begins trading on the New York Stock Exchange under the ticker symbol SPCE.
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