SpaceX sets fixed $135 IPO price, 555.6M shares, targeting record ~$75B Nasdaq raise at ~$1.77T valuation
SpaceX set a fixed price of $135 per Class A share for its IPO, confirmed June 3 ahead of an expected June 11 pricing and June 12 Nasdaq debut under ticker SPCX.
At a glance
- Fixed IPO price $135 per Class A share, confirmed June 3, 2026
- 555.6 million shares offered to raise roughly $75 billion — largest IPO ever, more than double Saudi Aramco's 2019 record
- Expected June 11 pricing and June 12 Nasdaq debut under ticker SPCX
- Implied valuation ~$1.77 trillion; would rank as 7th-largest U.S. company by market cap per Fortune
- Float only ~4%; Elon Musk retains ~82.4% of voting power via super-voting stock
VERDICT — CONFIRMED
SpaceX set a fixed price of $135 per Class A share for its IPO, confirmed June 3 ahead of an expected June 11 pricing and June 12 Nasdaq debut under ticker SPCX. The company is offering 555.6 million shares to raise roughly $75 billion — more than double Saudi Aramco's 2019 record, making it the largest IPO ever. At $135, the implied valuation is about $1.77 trillion, which Fortune notes would rank SpaceX as the 7th-largest U.S. company by market cap.
The float is only about 4%; Elon Musk retains roughly 82.4% of voting power post-listing through super-voting stock. A 23-bank syndicate is led by Goldman Sachs and Morgan Stanley, with Bank of America, Citigroup and JPMorgan also bookrunning. Fortune reports more than three-quarters of proceeds are already 'spoken for' (debt repayment and spectrum costs), leaving under $18 billion for stated AI/Starship expansion.
Nasdaq-100 inclusion is expected after 15 trading days, forcing passive index funds to buy. A notable wrinkle flagged by CoinDesk: SpaceX holds 8,285 bitcoin (~$656M), making it the first mega-IPO carrying a material bitcoin treasury under fair-value accounting. The deal lands in an extraordinarily crowded June IPO window alongside Quantinuum and INNIO, and amid a hawkish rates backdrop that has lifted the 10-year Treasury yield back above 4.5%.
Why it matters
a successful SPCX print would be the single largest capital-markets event of 2026 and a barometer of risk appetite for mega-cap private-to-public transitions.
Key facts on file
- Fixed IPO price $135 per Class A share, confirmed June 3, 2026
- 555.6 million shares offered to raise roughly $75 billion — largest IPO ever, more than double Saudi Aramco's 2019 record
- Expected June 11 pricing and June 12 Nasdaq debut under ticker SPCX
- Implied valuation ~$1.77 trillion; would rank as 7th-largest U.S. company by market cap per Fortune
- Float only ~4%; Elon Musk retains ~82.4% of voting power via super-voting stock
- 23-bank syndicate led by Goldman Sachs and Morgan Stanley; Bank of America, Citigroup, JPMorgan also bookrunning
- More than three-quarters of proceeds 'spoken for' (debt repayment, spectrum costs); under $18B left for AI/Starship expansion
- Nasdaq-100 inclusion expected after 15 trading days
