SpaceX’s $1.75T IPO Faces Blacklisting Over Musk’s Governance Control
TSLA•SpaceX plans a June 2026 IPO valuing it at $1.75 trillion while commanding 80% of launches and serving 9 million Starlink subscribers with $11.4 billion revenue. A $25 billion Danish pension fund blacklisted the offering over Musk’s 93.6% voting control and governance concerns, which may dent appetite for Musk-linked stocks.
1. IPO Details
SpaceX has filed to go public on Nasdaq in June 2026 at a valuation of $1.75 trillion, leveraging its 80% share of the global launch market and a Starlink subscriber base of 9 million generating $11.4 billion in annual revenue.
2. Governance Concerns
A $25 billion Danish pension fund refused to participate in the offering, citing Elon Musk’s 93.6% voting control and an ‘extreme governance structure’; several large US pension plans share these concerns, which could weigh on investor confidence in Musk-related equities.
