SpaceX targets a $1.75 trillion valuation in its June 12 IPO, aiming to raise $75 billion and become the eighth-largest U.S. public company.
SpaceX plans to go public on June 12, seeking to raise up to $75 billion and achieve a $1.75 trillion valuation. The move would position the company as the eighth-largest on U.S. exchanges, surpassing Tesla in market capitalization.
The IPO follows a surge in investor interest after chipmaker Cerebras saw its shares double post-listing. SpaceX’s offering is expected to spur further IPO activity, including potential listings from AI firms Anthropic and OpenAI later this year.
SpaceX will also conduct a 5-for-1 forward stock split, a move that has historically driven short-term price momentum in high-profile stocks. The split requires shareholder approval but does not alter the company’s market capitalization or fundamentals.