SpaceX IPO Priced at $135 Values Firm at $1.77 Trillion, Musk Keeps 85% Voting Control
TSLA•SpaceX’s IPO priced at $135 per share values the company at $1.77 trillion, eclipsing Musk’s EV firm Tesla’s $1.6 trillion market capitalization. Only 5% of shares will be publicly tradable at launch, while Musk retains roughly 42% of economic ownership and over 85% of voting power through a dual-class structure.
1. IPO Pricing and Valuation
SpaceX set its IPO price at $135 per share, raising about $75 billion and valuing the company at $1.77 trillion, with trading expected to begin June 12, 2026. Only 5% of total shares will be available for public trading after the offering.
2. Ownership Structure and Control
Elon Musk will retain roughly 42% of economic ownership and more than 85% of voting power through a special dual-class share structure that grants select shares ten times the voting rights. Existing investors and Musk will hold the remaining 95% of shares, ensuring tight control.
3. Tesla Market Cap Comparison
The $1.77 trillion IPO valuation surpasses Tesla’s current $1.6 trillion market capitalization, potentially drawing investor attention away from Tesla. Market participants may reevaluate Musk’s diversified holdings and the relative appeal of each company’s growth prospects.
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