SpaceX ready for Nasdaq debut: $75 billion IPO, world record
Valuation up to $2 trillion. Musk retains 82% votes, China excluded
June 6, 2026
Milan, June 6 (askanews) – SpaceX is preparing to debut on the Nasdaq on June 12 with what is shaping up to be the largest initial public offering in history: $75 billion raised, rising to $86.2 billion in the event of full exercise of the greenshoe option. The previous world record belonged to Saudi Aramco, which raised $29.4 billion in 2019. The price is set at $135 per share, for a total of 555.6 million Class A shares. The ticker will be SPX.
Demand has already exceeded $150 billion, double the offering, according to sources cited by Reuters. The company's valuation is between $1.75 trillion and $2 trillion, another absolute record. Official price confirmation is expected on June 11, with the debut the following day.
The corporate structure is designed to keep control in the hands of the founder: Elon Musk will retain 82.4% of voting rights through Class B shares, each carrying ten votes compared to the single vote of shares destined for the market. The float will be around 4.3% of total capital. The operation is managed by a consortium of 23 banks, with Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan acting as lead managers.
The central moment of the roadshow was the event organized by JPMorgan in New York, with about 3,500 clients connected and streaming to 90 locations across the United States. Musk participated via video link and was interviewed by the CEO of the US bank, Jamie Dimon. What attracts investors are the growth forecasts in artificial intelligence. According to Goldman Sachs, SpaceX's AI revenues could grow from an estimated $3.2 billion in 2025 to $322 billion by 2030. The funds raised from the IPO will be allocated to research and development, AI infrastructure, and the expansion of the Starlink constellation.
Founded by Elon Musk in 2002, SpaceX is the leading private company in the space sector and includes the launch business with the Falcon 9 rocket and the heavy-lift Starship, the Starlink satellite constellation for global connectivity, and a growing unit dedicated to artificial intelligence. The company presents itself to investors with over 650 completed launches, more than 9,600 satellites in orbit, and 10.3 million Starlink subscribers in 164 countries as of March 31.
On the financial front, SpaceX recorded revenues of $18.7 billion and adjusted EBITDA of $6.6 billion in 2025, driven mainly by Starlink, with a net loss of $4.94 billion. In the first quarter of 2026, the loss was $4.28 billion, bringing the accumulated deficit to over $41 billion. Morningstar estimates the company's value at $780 billion, about half of the valuation range indicated by the company.
S&P Dow Jones Indices has ruled out a quick entry into the S&P 500: SpaceX does not meet several requirements and would not be eligible before June 2027. The underwriters have also been instructed not to accept orders from investors in China and Hong Kong, due to constraints related to the export of dual-use technologies.
