SpaceX is preparing to offer shares at $135 apiece in an initial public offering that would raise $75 billion, a deal that could make it the biggest listing ever if the company completes the sale on the terms now being discussed. The plan calls for 555.6 million shares and targets a valuation of at least $1.8 trillion.
For current and former employees, the numbers explain why the spacex ipo date is drawing so much attention. More than 1,000 of them have joined forces to negotiate better pricing and access to sophisticated tax-saving financial products ahead of the offering, a sign that the IPO is already reshaping personal finances inside Elon Musk’s company before a single share has changed hands.
The timetable is tight. SpaceX is expected to begin formal marketing on June 4 and could price the offering as early as June 11, though the schedule could still slip by a matter of days. The company confidentially filed in March and publicly filed last month, putting it on a path to one of the most closely watched public listings in the market.
That scale is also what is making investors stop and do the math. The deal would more than double the $29.4 billion record set by Saudi Aramco in 2019, but one analyst said the valuation is definitely not cheap and warned it may be a stretch even with generous multiples. SpaceX is not yet profitable, yet the market has long been willing to pay for the promise of rapid growth, especially when Musk is attached to the story.
There is also a structural wrinkle in how the shares may be sold. Most US companies typically announce a price range before they start marketing stock, but SpaceX is said to be using a fixed price, which leaves less room for public price discovery as the roadshow begins. That makes the next week critical: if the marketing launch on June 4 holds and pricing follows on June 11, the company could turn the outline into the largest IPO in history almost overnight. If the timetable slips, the market will still be waiting on the same question — whether SpaceX can sell the story at a valuation this high without changing the terms along the way.
