SpaceX is moving ahead with a public offering that could become the largest IPO ever completed, with Elon Musk’s company seeking to raise $75 billion at a fixed price of $135 per share. The offering values the company at approximately $1.75 trillion and is expected to be priced on June 11 before trading begins on the Nasdaq on June 12 under the ticker SPCX. Recent reports indicate investor demand has already exceeded $250 billion, making the offering nearly four times oversubscribed ahead of pricing.
The scale of the deal has drawn attention across global financial markets. If completed as planned, SpaceX will comfortably surpass Saudi Aramco’s 2019 IPO, which raised approximately $29.4 billion and has long held the record for the world’s largest public offering.
Investor Demand Surges
Interest in the IPO has accelerated throughout the roadshow process.
According to reports, SpaceX has attracted more than $250 billion in investor orders while seeking to raise $75 billion, pushing demand to roughly three-and-a-half to four times the size of the offering. The strong response comes despite recent volatility in technology stocks and broader financial markets. Institutional investors have reportedly submitted large orders, while SpaceX executives have met with hundreds of investors during the company’s roadshow presentations.
The overwhelming demand highlights how closely investors are watching one of the few private companies large enough to enter public markets at a trillion-dollar valuation.
Breaking IPO Norms
SpaceX has also taken an unusual path compared with traditional IPOs.
Rather than announcing a pricing range and adjusting it based on investor feedback, the company moved directly to a fixed share price of $135. Market observers note that such an approach is rare for an offering of this size and reflects confidence that demand will remain strong through the final pricing process.
Another notable feature is the structure of the deal. Reports indicate the IPO is expected to be an all-primary offering, meaning the proceeds will go directly to SpaceX rather than allowing existing shareholders to cash out large portions of their holdings.
The Starlink Factor
While SpaceX is widely known for its launch business and space missions, investors are paying close attention to Starlink, the company’s satellite internet network.
Industry filings and market reports show that Starlink has become the company’s strongest commercial business and a major contributor to revenue growth. Reuters has reported that Starlink is currently the only consistently profitable segment within the broader SpaceX operation, giving investors a business model that extends beyond rocket launches and government contracts.
This has helped position SpaceX as both an aerospace company and a communications infrastructure provider, expanding its appeal to investors looking for exposure to multiple high-growth industries through a single listing.
Market Focus Turns to SpaceX
Beyond the size of the offering, investors are watching how public markets respond to a company entering with a valuation of approximately $1.75 trillion.
The outcome is expected to serve as an important reference point for other large private technology firms considering future listings. Reuters has reported that SpaceX’s market debut is being closely monitored because it could open the door for additional mega-IPOs from companies that have remained private during recent years of subdued public offerings.
For now, the focus remains on the numbers. A $75 billion raise, a $1.75 trillion valuation, investor demand exceeding $250 billion, and a listing expected to begin on June 12 have already turned the SpaceX debut into one of the most closely followed financial stories of 2026.