Musk's SpaceX set to make biggest-ever initial public offering on Wall Street
Summary
SpaceX, Elon Musk’s space and technology company, is launching the largest initial public offering (IPO) in history by selling over 555 million shares at $135 each. This IPO values SpaceX at nearly $1.8 trillion, making it one of the biggest companies on Wall Street and likely to make Musk the world’s first trillionaire.Key Facts
- SpaceX’s IPO will start trading on the Nasdaq stock exchange.
- The company is offering more than 555 million shares priced at $135 each.
- The total money raised from the IPO is expected to be over $75 billion.
- SpaceX’s valuation is nearly $1.8 trillion, ranking it among the top 10 biggest Wall Street companies.
- SpaceX includes Musk’s AI company xAI and the social media platform X (formerly Twitter).
- The IPO demand was very high, with the offering oversubscribed more than four times.
- SpaceX reported $18.7 billion in revenue for 2025 but also a net loss of $4.9 billion.
- The company aims to expand its satellite internet service Starlink and grow its AI technology.
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