SpaceX has secured $75 billion from institutional investors and financial firms ahead of its stock market debut on June 12, paving the way for what is expected to be the largest and most valuable initial public offering (IPO) in history.
The fundraising values the Elon Musk-led company at nearly $1.8 trillion, positioning it among the world's most valuable publicly traded firms from day one.
According to a filing with the US Securities and Exchange Commission (SEC), SpaceX sold shares at $135 each, matching the price range indicated by the company last week.
The offering implies a market valuation of nearly $1.8 trillion, making SpaceX one of the most valuable companies ever to enter public markets. The stock will begin trading on the technology-focused Nasdaq exchange on Friday.
The valuation is expected to significantly increase Elon Musk's wealth, potentially making him the world's first trillionaire.
While the IPO price has been set at $135 per share, the stock's actual market value will depend on investor demand once trading begins. If shares open at or above the offering price, SpaceX will immediately rank among the world's largest listed companies.
Investor interest in the company is expected to be exceptionally strong, with both institutional funds and retail investors seeking exposure to SpaceX.
Several analysts have already assigned price targets above the IPO price. Brokerage firm Oppenheimer, for example, expects the stock to reach $190 per share. The final market price will be determined through trading activity after listing.
Tom Mueller, SpaceX's first employee and now founder of Impulse Space, described the company's transformation as remarkable.
Mueller recalled the early years when SpaceX struggled through rocket engine failures, explosions and unsuccessful launches before achieving its first successful orbital mission in 2008. He said the company's journey had been extraordinary.
Mueller left SpaceX in 2020 but continues to hold a significant financial interest in the company.
Market observers view the SpaceX listing as a key test for other highly valued private technology firms approaching trillion-dollar valuations.
Among those closely watched are Anthropic and OpenAI, both of which have indicated plans to pursue public listings in the near future.
Despite becoming a public company, SpaceX will remain firmly under Musk's control. Musk will hold roughly 40 percent of the company's equity while controlling more than 84 percent of voting rights.
A comparable structure exists at Meta, where co-founder and chief executive Mark Zuckerberg retains significant voting power. However, Zuckerberg's control is estimated at around 60 percent, substantially below Musk's influence at SpaceX.
SpaceX has already expanded its links with Musk's broader business network. The company acquired AI startup xAI, which had previously acquired social media platform X in 2025. Musk had purchased the platform, then known as Twitter, in 2022.
The transactions have reinforced concerns among some investors about potential conflicts of interest arising from Musk's extensive control across multiple companies.
