SpaceX set $135 share price for IPO as company seeks to raise $75 billion 

NEW YORK: SpaceX has set a $135 share price for its planned initial public offering, a week before pricing, as the company seeks to raise $75 billion in what would be the largest IPO on record, Reuters reported, citing people familiar with the matter and an amended filing.

The offering would value SpaceX at about $1.75 trillion, immediately placing the company among the 10 most valuable US-listed firms.

The company is expected to start its investor roadshow on Thursday, with pricing scheduled for June 11. Trading on Nasdaq is expected to begin the following day.

The decision to announce the price ahead of the roadshow marks a departure from the usual Wall Street IPO process, where companies and bankers first assess investor demand before setting a price range.

SpaceX’s amended IPO filing confirmed Reuters’ earlier report on the $135 price.

Elon Musk has also sought changes to other parts of the listing process, including a larger role for retail investors in share allocations, early index inclusion and governance structures that preserve founder control.

Reuters reported earlier that SpaceX is considering allocating as much as 30% of the offering to individual investors, which would be an unusually large retail portion for a major US IPO.

Major international banks, including Mizuho, Deutsche Bank, UBS and Barclays, have been asked to focus on wealthy individual buyers in their home markets, according to Reuters.

The listing has drawn interest from Wall Street firms because of the size of the deal and the fees expected from the offering.

However, investors and analysts have also pointed to the company’s valuation.

SpaceX reported a net loss of $4.94 billion in 2025, while revenue rose 33% to $18.67 billion.

Tim Hatt, head of research and consulting at GSMA Intelligence, said a revenue multiple above 90 times was high by any standard, but added that SpaceX did not have direct public comparables.

SpaceX does not have a clear public market benchmark because of its presence across aerospace, telecom and defence, and the limited number of publicly traded space companies.

Reuters reported that, before the roadshow, SpaceX had indicated a valuation of about $1.75 trillion during testing-the-waters meetings with investors, while some investors had sought a valuation of $1.5 trillion or lower.

An institutional investor who banks with Goldman Sachs said he tried to buy shares in the IPO but was told allocations were a decision for the bank’s top leadership. The investor’s banker suggested buying shares after the company lists publicly.

Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut, said he was not buying the shares and viewed investor interest as linked to Elon Musk’s name.

The company has not provided details in the text on any future post-listing index inclusion timetable or final allocation structure.