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SpaceX is raising $75 billion through an initial public offering (IPO) by selling 555.6 million shares at a fixed price of $135 per share, according to an SEC filing cited by CNBC. The offering values the company at about $1.77 trillion, placing it among the largest U.S. companies and ahead of Elon Musk’s Tesla.
SpaceX began trading publicly on the Nasdaq on June 12 under the ticker SPCX. The deal is structured as a fixed-price sale of 555.6 million shares at $135 each, for total proceeds of $75 billion.
CNBC reports that the wealth generated from SpaceX stock, combined with about $320 billion from Tesla, would make Elon Musk the world’s first trillionaire.
SpaceX reported revenue growth in its latest results. Revenue for Q1 2026 rose 15% to $4.69 billion from $4.07 billion a year earlier. For full-year 2025, revenue increased 33% to $18.67 billion.
Despite higher revenue, SpaceX posted losses. The company recorded a net loss of $4.28 billion in the latest quarter after a net loss of $4.94 billion in 2025. Since its founding in 2002, SpaceX has accumulated losses of about $41.3 billion, and it has warned investors about future profitability.
Capital expenditures in Q1 2026 totaled $10.1 billion, including $7.7 billion focused on AI. CNBC links this spending to SpaceX’s February merger with the AI division XAI.
SpaceX’s Starlink satellite internet unit accounts for the majority of revenue and remains the only unit currently profitable.
Goldman Sachs is leading the offering, with Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase also involved.
With more than 82% of voting control, Musk effectively controls the SpaceX board.
Oppenheimer analyst Timothy Horan described SpaceX as the only vertically integrated AI company with access to capital, data, large language models, hardware, manufacturing capability, and the talent required.
CNBC also projects potential further volatility in global financial markets as AI firms Anthropic and OpenAI—valued near $1 trillion by private investors—file to go public later this year.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
