SpaceX IPO priced at $135 per share as retail order crosses $100 billion

Elon Musk's spacecraft technology and artificial intelligence company, SpaceX, is all set for the biggest initial public offering in the world.

According to a free writing prospectus filed with the US Securities and Exchange Commission, SpaceX, whose official name is Space Exploration Technologies Corp, officially confirmed that the IPO price has been set at $135 a piece for 555.6 million. It is raising $74.99 billion from its initial share sale.

The shares will debut on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026 (Eastern Time), under the ticker symbol "SPCX."

The Texas-headquartered firm has also received orders from around 1,000 institutional investors, the report said.

The company's revenue climbed 15% to $4.69 billion in the first quarter of CY2026 compared to $4.07 billion a year back. In CY25, revenue advanced 33% year-on-year to $18.67 billion.

The company posted a net loss of $4.28 billion in the first quarter vs $4.94 billion a year earlier.

The public issue will make Musk the world's first trillionaire. He holds over 82% of voting power at SpaceX, which virtually gives him complete control over the board.

Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank Securities, RBC

Capital Markets, UBS Investment Bank, and Wells Fargo Securities are the issue's book-running managers.

Allen & Company, Cantor, Needham & Company, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital (USA) Inc., Mirae Asset Securities, Mizuho, and Santander are acting as co-managers.