Elon Musk's SpaceX seeks a record $75 billion IPO to fund its space and advanced computing ambitions.
SpaceX is seeking to raise $75 billion in what could become the largest initial public offering in history, giving the company fresh capital to expand its Starship rocket program, satellite internet network Starlink , and growing artificial intelligence business.
The Elon Musk-led company disclosed in a regulatory filing that it plans to sell 555.6 million shares at $135 each, implying a valuation of about $1.77 trillion. If successful, the offering would surpass Saudi Aramco’s record $29.4 billion IPO and instantly make SpaceX one of the world’s most valuable publicly traded companies.
The filing marks the next step in a process that began last month when SpaceX revealed plans to go public but did not disclose pricing details or a target valuation. While the size of the offering has drawn attention on Wall Street, the funds are expected to support some of the most ambitious technology projects currently under development, including reusable launch systems, satellite communications and AI infrastructure. SpaceX’s core business remains space transportation.
The company operates the Falcon rocket family and is developing Starship, the fully reusable launch system intended for lunar missions, Mars exploration and large-scale satellite deployment. According to details previously disclosed in the company’s filing, SpaceX has spent roughly $15 billion developing Starship. The vehicle is expected to play a central role in future NASA lunar missions as well as Musk’s long-term goal of establishing a human presence on Mars. Starlink has also emerged as a major growth engine.
The satellite broadband service serves millions of customers globally and has expanded rapidly across consumer, enterprise and government markets. The IPO comes as SpaceX increasingly positions itself as more than a space company. Earlier this year, the company absorbed Musk’s AI venture xAI, bringing the Grok chatbot and related AI operations under the SpaceX umbrella. The combination of launch services, satellite communications and artificial intelligence has helped drive investor interest in the offering.concepts.
The company indicated that proceeds from the offering would help support the substantial capital requirements of its space and AI businesses. As per reports, SpaceX plans to use the newly raised funds to invest across its expanding portfolio, including businesses added through the acquisition of xAI.is expected to retain control of the company following the offering. According to the filing, he will hold approximately “82.4% of the voting power of our common stock” after the IPO.
The company is expected to begin trading on the Nasdaq next week under the ticker symbol SPCX, pending final pricing and regulatory approvals. With over a decade-long career in journalism, Neetika Walter has worked with The Economic Times, ANI, and Hindustan Times, covering politics, business, technology, and the clean energy sector. Passionate about contemporary culture, books, poetry, and storytelling, she brings depth and insight to her writing.
When she isn’t chasing stories, she’s likely lost in a book or enjoying the company of her dogs.
Elon Musk IPO Space Technology Spacex Starlink Starship Xai
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