Elon Musk’s SpaceX has announced plans for a landmark initial public offering that could raise about $75 billion, placing the company’s valuation at roughly $1.77 trillion.
If completed as projected, the listing would be one of the most significant in financial history and could position Musk, already the world’s richest individual, as the first trillionaire.
According to filings submitted to the Securities and Exchange Commission, the company intends to issue about 555.6 million shares at a fixed price of $135 each.
Unlike many IPOs that present a price range, SpaceX’s decision to set a single offering price highlights both strong investor demand linked to the current artificial intelligence boom and Musk’s reputation for ambitious, large-scale targets.
Following the listing, Musk, who currently holds around 50% ownership, would maintain a substantial stake in the company.
However, a significant portion of his shares carry enhanced voting rights, giving him continued dominant influence, with an estimated 82.4% control of voting power after the IPO.
The offering is expected to surpass all previous public listings, overtaking Saudi Aramco’s 2019 record of $29.4 billion raised.
The surge in valuation comes amid heightened enthusiasm for AI-related companies, as investors continue to pour capital into firms tied to the rapidly evolving technology sector.
Beyond its core rocket launch and satellite operations, SpaceX has increasingly aligned itself with artificial intelligence initiatives.
The company’s IPO documents highlight ambitions that extend into AI infrastructure, including potential development of space-based data centers.
These plans reflect broader efforts to merge aerospace capabilities with next-generation computing technologies.
SpaceX has evolved significantly since its founding in 2002, when it focused primarily on reducing the cost of space access.
Its expansion into satellite internet through Starlink in 2021 marked a major diversification, and more recently its integration with Musk’s AI venture xAI and the X platform has further broadened its technological scope.
The company remains a dominant force in global space launches, servicing both government and commercial clients.
However, much of its soaring valuation is now tied to investor expectations around artificial intelligence, despite ongoing uncertainty about how quickly such technologies will become consistently profitable at scale.
Based on the IPO pricing, Musk’s stake in SpaceX alone could be valued at approximately $841 billion.
When combined with his holdings in Tesla, estimated at just under $300 billion, his total wealth could reach around $1.1 trillion, surpassing the combined net worth of several of the world’s next richest individuals.
The IPO details were initially disclosed last month, though pricing and valuation targets were not previously made public.
SpaceX is part of a growing wave of high-profile AI-linked companies preparing for public markets, including firms such as Anthropic, with others like OpenAI also widely expected to follow.
If these listings proceed as anticipated, they could generate a new class of ultra-wealthy shareholders, further intensifying debates about wealth concentration and the financial impact of the artificial intelligence revolution.
