SpaceX set its IPO price at $135 per share, valuing the rocket and satellite company at approximately $1.75 trillion ahead of its Nasdaq debut tomorrow. The fixed pricing, announced today, locks in a target raise of roughly $75 billion and positions the offering as the largest initial public offering in stock market history.
The company will offer 555.6 million Class A shares at the $135 price point on the Nasdaq under the ticker SPCX, with trading set to begin Friday, June 12. This valuation surpasses the previous record held by Saudi Aramco, which raised $25.6 billion in December 2019 at a $1.7 trillion valuation, according to Reuters and The New York Times.
Investor demand for SpaceX stock has been extraordinary. The IPO is approaching four times oversubscribed, with orders reaching approximately $150 billion for the $75 billion in available shares, according to Reuters and Barron’s. SpaceX has allocated up to 30 percent of the offering, or roughly $22.5 billion in shares, to retail investors—a rare move for a blockbuster IPO of this scale.
Not all market observers have embraced the valuation. Morningstar analysts launched coverage of SpaceX and concluded the company is “significantly overvalued” ahead of the debut, according to CNBC reporting. Research firm CEO David Trainer told Yahoo Finance that SpaceX’s $1.75 trillion IPO valuation is “mathematically indefensible.” These critiques center on the company’s profitability challenges and the aggressive assumptions required to justify such a valuation.
The IPO represents a watershed moment for Elon Musk’s private space company, which has grown into one of the world’s most influential aerospace firms through government contracts, commercial satellite launches, and development of reusable rockets. The record-setting offering underscores sustained investor appetite for space-sector stocks and technology companies with long-term growth narratives, even amid broader market volatility.
Sources
- Reuters — SpaceX IPO pricing at $135 per share, $1.75 trillion valuation, $75 billion raise target, and demand approaching four times oversubscribed
- The New York Times — SpaceX pricing announcement and valuation details
- CNBC — IPO pricing, Morningstar analyst coverage calling SpaceX “significantly overvalued”
- Barron’s — $150 billion in orders for $75 billion in stock
- Brookings Institution — Saudi Aramco IPO details from December 2019, $1.7 trillion valuation
- Yahoo Finance — David Trainer commentary on valuation being “mathematically indefensible”
