SpaceX plans to launch its initial public offering on the Nasdaq on Friday, with shares priced at $135 each. The offering is expected to raise $75 billion and value the company at about $1.75 trillion.
The IPO would mark the largest in history by funds raised, surpassing Saudi Aramco's 2019 debut. SpaceX encompasses its rocket operations, the Starlink satellite internet service, the xAI unit acquired in February 2026, and the social media platform X.
Retail investors have placed more than $100 billion in orders, making the offering three to four times oversubscribed. Goldman Sachs projects the company's AI revenue to rise from $3.2 billion in 2025 to $322 billion by 2030.
Starlink generated $4.42 billion in revenue last year and remains the only profitable segment. Analysts at Morningstar value the overall business at $780 billion, citing concerns over growth limits and competition in AI.
Elon Musk would retain control through the company's structure. The shares are set to begin trading at the stated price, with market reaction to follow.
