SpaceX launches record $75B IPO roadshow; SPCX to trade on Nasdaq June 12
Original: SpaceX launches IPO website for retail investors as it seeks record $75 billion in public offering View original →
SpaceX kicked off its institutional roadshow on June 4, 2026, targeting a record $75 billion in gross proceeds — the largest IPO in history, surpassing Saudi Aramco's $29.4 billion in 2019. The company is offering 555,555,555 shares at $135 each on Nasdaq under ticker SPCX, implying a market capitalization of approximately $1.77 trillion. With the underwriter over-allotment option, total proceeds could reach $85.7 billion.
Insiders retain 95.8% of shares post-offering, with CEO Elon Musk as the primary holder; the public float is a thin 4.2%. Pricing is set for June 11, with trading beginning June 12.
SpaceX plans to allocate proceeds across three areas: expanding AI compute infrastructure (including orbital data centers), upgrading launch vehicles and ground infrastructure, and scaling the Starlink satellite constellation. The company also carries a $20 billion bridge loan that must be repaid within six months using IPO proceeds and debt financing.
The company's three revenue streams — Falcon 9/Starship launch services, Starlink broadband, and nascent AI/orbital-data-center businesses — position it at the intersection of aerospace and AI infrastructure. At $135 per share, Musk is expected to become the world's first trillionaire. Key watchpoint: institutional book-build demand disclosed at pricing on June 11.
Not investment advice. Verify all figures with primary sources before acting.
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