SpaceX is preparing for one of the most important stock market debuts ever, with plans to raise up to $75 billion through its long awaited initial public offering.
The company is expected to sell 555.6 million shares at $135 each, giving SpaceX a valuation close to $1.77 trillion. If completed, the listing would surpass the previous IPO record set by Saudi Aramco in 2019, which raised about $26 billion.
At this valuation, SpaceX would become one of the most valuable publicly traded companies in the world, joining a small group of market giants with trillion dollar valuations.
The IPO would also significantly increase the paper wealth of Elon Musk, whose stake in SpaceX could rise by more than $220 billion. Based on estimates, this could push his net worth above $1 trillion, although most of that wealth would remain tied to shares in his companies.
Despite the public listing, Musk is expected to keep strong control over SpaceX. Through Class B shares, which carry stronger voting rights, he would still control more than 80 percent of the company’s voting power after the IPO.
The filing also shows that SpaceX is still operating with major losses. The company reported an operating loss of $2.6 billion last year, while revenue reached $18.7 billion. Losses reportedly continued into the first months of 2026.
SpaceX plans to use the IPO proceeds to support its long term expansion strategy. This includes funding rocket launch infrastructure, growing the Starlink satellite network, supporting Starlink Mobile, and investing in future projects connected to the Moon and Mars.
The company also continues to present Mars as a central part of its mission, with the long term goal of helping create a permanent human settlement on the planet.
Artificial intelligence is becoming another major part of SpaceX’s growth story. In its listing documents, the company highlights the potential size of the global AI market and points to future opportunities involving AI infrastructure, advanced computing, and possible space based data centers.
However, some analysts remain cautious about SpaceX’s AI ambitions. Musk’s wider AI ecosystem, including xAI and Grok, still faces strong competition from major players such as OpenAI, Anthropic, and Google.
SpaceX is expected to list on the Nasdaq under the ticker symbol SPCX, with trading potentially beginning as soon as next week.
The IPO could become a major test for public markets after several slower years for large technology listings. It may also open the door for other major AI related companies, including Anthropic and possibly OpenAI, to move toward public listings in the future
