SpaceX Rockets Toward Record $2T IPO as Musk Prepares for Takeoff
Musk’s rocket empire is about to blast Wall Street into a new orbit. SpaceX is reportedly racing toward what could become the largest IPO in history, targeting a valuation above $2T and aiming to raise as much as $75B. Pricing could arrive as soon as June 11, with shares expected to begin trading on the Nasdaq the following day.
- SpaceX is carrying out a 5-for-1 stock split this week, potentially making shares more accessible for retail investors ahead of the IPO.
- The adjustment is expected to lower the fair market value per share to roughly $105 from about $527 by May 22, per Bloomberg.
Liftoff economics: Beyond commercial launches, SpaceX is increasingly cashing in on defense contracts, including a share of a $3.2B United States Space Force award for Golden Dome missile interceptor prototypes alongside Lockheed MartinLMT, Northrop GrummanNOC, and RTXRTX. The IPO timeline is now accelerating toward a public S-1 filing as soon as Wednesday, followed by investor roadshows beginning June 4. If all goes to plan, this deal could ignite a whole new space race on Wall Street.