SpaceX IPO Pricing and Valuation
On Thursday, 12 June 2026, SpaceX announced that it priced its initial public offering at $135 per share. The company sold 555.56 million shares, generating gross proceeds of $75 billion, which constitutes the largest IPO ever recorded in the United States.
The pricing implies a post‑offering equity valuation of $1.77 trillion based on 13.08 billion shares outstanding. The underwriters hold an option to sell additional shares, a decision that must be made within 30 days of the offering.
When trading commences on the Nasdaq (NASDAQ:NDAQ) on Friday, SpaceX will rank seventh among all U.S.-listed companies by market capitalisation. Its $1.77 trillion valuation exceeds that of JPMorgan Chase, Berkshire Hathaway, Eli Lilly, Meta Platforms and Tesla, despite the company reporting a loss in the prior fiscal year and having revenue materially lower than those mega‑cap peers.
SpaceX allocated 30 % of the offered shares to retail investors and determined the offering price without conducting the traditional roadshow that investment banks typically use to negotiate IPO terms.
The previous record holder for the largest IPO was Saudi Aramco’s December 2019 offering, which raised $25.6 billion at a $1.71 trillion valuation; in inflation‑adjusted terms the raise equates to $33.2 billion at a $2.21 trillion valuation.