Record-Breaking Fundraising and Listing Timeline According to multiple sources, space exploration giant SpaceX, led by Elon Musk, has accelerated its IPO process, planning to list on Nasdaq as early as June 12 under the ticker "SPCX." This IPO targets a valuation as high as $1.75 to $2 trillion, with plans to raise $70 to $75 billion. This would significantly surpass the $29.4 billion record set by Saudi Aramco in 2019, making it the largest IPO in history.
Stock Split Lowers Barrier, Musk Commits to "Lockup" To lower the participation threshold for retail investors, SpaceX has executed a 5-for-1 stock split, adjusting the per-share value from approximately $526.59 to about $105.32. Concurrently, Musk publicly pledged on platform X that he would "not sell a single share" in the IPO. The company also plans to issue Class B shares with 10 times the voting rights to ensure Musk's absolute control, allowing him to focus on the long-term vision of "making life multiplanetary" rather than short-term financial performance.
Robust Operations Underpin Trillion-Dollar Valuation This record valuation is supported by SpaceX's formidable fundamentals. The company already commands over 80% of the global rocket launch market share. Its Starlink constellation has more than 10,000 satellites in orbit, serving over 10 million global users, with revenue surpassing $10 billion in 2025. Furthermore, the merger with xAI has infused the company with a new growth narrative of "AI + space computing power," including plans to deploy orbital data centers using Starship.
Tesla Developments: Robotaxi Expansion Progresses in Parallel While SpaceX pushes toward its IPO, another flagship company under Musk, Tesla Motors, is also advancing its autonomous driving efforts. At a summit in Israel, Musk stated that fully unsupervised Robotaxi vehicles are already operating in three cities, including Austin, with plans for "widespread deployment" across the United States by the end of this year. To support this vision, Tesla has significantly increased its 2026 capital expenditure to $25 billion, aimed at building AI computing power infrastructure.
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