SpaceX IPO to Raise $75B at $1.8T Valuation with 4x Oversubscription
SPCX•SpaceX is set to price 555.6 million shares at $135 each, raising $75 billion for a near-$1.8 trillion valuation with over four times oversubscription and more than $70 billion in retail orders. The 20–30% retail allocation contrasts with typical IPOs as the launch provider reported 2025 revenue of $18.7 billion (+33%) and a $4.94 billion net loss.
1. IPO Structure and Pricing
SpaceX is offering 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. Trading is scheduled to begin June 12 on the Nasdaq under the ticker SPCX, implying a valuation just under $1.8 trillion.
2. Strong Investor Demand
Total demand for the offering has exceeded $250 billion, representing more than four times oversubscription. Individual investors have placed over $70 billion in orders, with 20–30% of shares reserved for retail.
3. 2025 Financial Results and Outlook
In 2025 SpaceX generated $18.7 billion in revenue, a 33% year-over-year increase driven by Starlink sales, while reporting a net loss of $4.94 billion. Future performance hinges on maintaining cost leadership in launches and achieving full reusability with Starship.
