SpaceX has set a share price of $135 for its initial public offering, targeting a valuation of $1.75 trillion in what would be the largest IPO in history. The rocket and satellite company plans to list its shares next week in an all-primary offering, meaning all shares will be newly issued rather than sold by existing investors. The IPO would raise $75 billion for the company, which manufactures launch vehicles and operates the Starlink satellite internet service.
The offering would value SpaceX at more than double its most recent private valuation and could push founder Elon Musk's personal net worth past $1 trillion. Musk owns a significant stake in the company, which he founded in 2002 with the goal of reducing space transportation costs and enabling the colonization of Mars. The company has become the dominant player in commercial spaceflight, regularly launching satellites and carrying astronauts to the International Space Station.
SpaceX has transformed the aerospace industry through reusable rocket technology and aggressive cost reduction. The company's Falcon 9 rocket has become the workhorse of the commercial space industry, while its Starship vehicle is under development as a fully reusable super-heavy-lift launch system. The Starlink satellite constellation now provides internet service to customers in dozens of countries, creating a substantial revenue stream beyond launch services.
The public offering comes as investor interest in artificial intelligence and technology stocks has pushed markets to record highs. SpaceX's decision to go public marks a shift for a company that has remained privately held for more than two decades while competitors like Blue Origin have stayed private. The company has previously raised capital through private funding rounds that valued it at substantially lower levels.
The IPO timing positions SpaceX to capitalize on strong market conditions and growing commercial and government demand for space services. The company holds contracts with NASA and the Department of Defense and competes for launches against United Launch Alliance and other providers. The $1.75 trillion valuation would make SpaceX one of the most valuable companies in the world, exceeding the market capitalization of most major technology firms.