SpaceX Set for Record $1.75 Trillion IPO on Friday
7 verified7 unconfirmed2 contested
Space Exploration Technologies Corp., known as SpaceX, is scheduled to begin trading on the U.S. stock market on Friday in what is expected to be the largest initial public offering in history. The company, led by Elon Musk, is offering 555.6 million shares at an expected price of $135 each, aiming to raise $75 billion. The IPO values SpaceX at roughly $1.75 to $1.78 trillion, surpassing the previous record set by Saudi Aramco’s 2019 listing. Sources report that Musk will retain more than 80% of the voting power after the offering, giving him tight control over the company’s board and operations. SpaceX reported a net loss of $4.9 billion in 2025 and acknowledges it may not achieve profitability in the future. The stock will trade under the ticker symbol SPCX. While the Nasdaq exchange has made changes to allow fast-track inclusion of large IPOs, the S&P Dow Jones Indices has declined to relax its entry rules, potentially delaying SpaceX’s addition to the S&P 500 index.
What’s verified
SpaceX is expected to debut on the U.S. stock market on Friday with an IPO aiming to raise $75 billion.
The offering consists of 555.6 million shares at an anticipated price of $135 each.
The IPO values SpaceX at approximately $1.75 trillion to $1.78 trillion, making it the largest initial public offering ever, exceeding Saudi Aramco’s $29.4 billion listing in 2019.
SpaceX reported a net loss of $4.9 billion in 2025.
Elon Musk is expected to retain more than 80% of the voting power following the IPO.
The Nasdaq exchange has implemented changes to allow fast-track inclusion of large IPOs, while S&P Dow Jones Indices has not relaxed its entry rules for fast inclusion.
The stock will trade under the ticker symbol SPCX.
Where accounts differ
The valuation of SpaceX is reported as $1.78 trillion by one source and $1.75 trillion by another.
One source states Musk will hold more than 80% of voting power; another source states more than 82%.
Not yet confirmed
The number of times the IPO is oversubscribed (one source reports three to four times oversubscribed based on a Reuters report).
Details of Morningstar’s valuation analysis, including a $63 per share estimate.
U.S. Senator Elizabeth Warren’s call for the Securities and Exchange Commission to delay the IPO.
The exact percentage of shares reserved for retail investors (up to 30% per one source).
Account minimum requirements for retail investors at brokerages.
SpaceX’s debt of $29.1 billion as of the end of March 2026 and additional losses of $4.3 billion in the first three months of 2026.
A letter from pension fund officials regarding governance provisions.
Key figures
Elon Musk (CEO and majority voting power holder)
Morningstar (investment research firm)
Elizabeth Warren (U.S. Senator)
Angelo Bochanis (Renaissance Capital)
Songyee Yoon (Principal Venture Partners)
Ethan Feller (Zacks Investment Research)
Rodney Comegys (Vanguard Capital Management)
Jay Ritter (University of Florida professor)
Sources: The Guardian, NPR, abcnews.com
