SpaceX Files $75B IPO at $135, Valuation Reaches $1.77T
TSLA•SpaceX plans to sell 555.6 million shares at $135 apiece, raising $75 billion and valuing the company at $1.77 trillion. Tesla influencer estimates capital needs could hit $235 billion through 2030 as peers AST SpaceMobile, Rocket Lab, Virgin Galactic and Redwire plunged up to 15% overnight.
1. IPO Terms and Valuation
SpaceX plans to sell 555.6 million shares at $135 each, raising $75 billion and securing a valuation of $1.77 trillion, or over $1.8 trillion on a fully diluted basis. The company aims to begin marketing the offering on June 11 with a trading debut slated for June 12.
2. Market Reaction
Shares of AST SpaceMobile, Rocket Lab, Virgin Galactic and Redwire extended a selloff overnight, with losses up to 15%, as investors weighed the implications of a record-sized space IPO. AST SpaceMobile and Rocket Lab each fell about 2%, Redwire declined 3% and Virgin Galactic dropped 6%.
3. Capital Funding Outlook
Analysts and industry observers highlight that the $75–83 billion raise provides flexibility but may fall short of projected needs. Expansion of Starlink, Starship development and AI infrastructure efforts are cited as drivers pushing total capital requirements toward $235 billion through 2030.
4. Upsize Opportunity
The IPO includes a 15% overallotment option that could add 83.3 million shares, potentially boosting proceeds by $11.25 billion. Full exercise of this option would increase the total raise to approximately $85.7 billion if investor demand remains strong.
