SpaceX Targets $1.75 Trillion Valuation in Record-Breaking IPO

Planned Public Offering

SpaceX is targeting a valuation of approximately $1.75 trillion as it prepares for an initial public offering (IPO) planned for next week,. The move would represent the first time the company has communicated specific fundraising and valuation targets to banks following early investor meetings. If successful, the event is expected to be the largest IPO in history.

The roadshow for the offering is scheduled to begin on Thursday, June 4,. According to reports, the stock is scheduled to debut on the Nasdaq on June 12. Other sources indicate that pricing for the IPO could take place as early as June 11, though the timeline may shift by several days,.

Valuation and Fundraising Targets

The $1.75 trillion target includes a greenshoe option. This figure reflects a downward adjustment from previous targets; some reports indicate the company had previously sought a valuation of $2 trillion or more,. The reduction reportedly follows feedback from advisers and prospective investors during the planning process.

SpaceX is seeking to raise as much as $75 billion in the offering, though the deal size remains subject to change as marketing progresses. To achieve this, Elon Musk's rocket-maker is likely to sell between $60 billion and $80 billion worth of shares. This represents under 5% of the company's total shares, a significantly smaller portion than is typically sold in a standard IPO.

Market Analysis and Financial Performance

External valuations of the company vary significantly from the IPO target. Morningstar has valued SpaceX at $780 billion, which is less than half of the company's current IPO goal. However, on the secondary trading platform Forge Global, the company was most recently valued at $1.53 trillion.

Financial data for the company shows significant revenue growth but fluctuating profitability. SpaceX reported $18.7 billion in revenue for 2025, an increase from $14 billion the previous year.

Future Outlook

Company sources cautioned that plans, including the total size of the raise and the final valuation, remain subject to change as investor meetings proceed. Deliberations are ongoing, and SpaceX may still adjust its target valuation based on the level of investor demand observed during the marketing process.