Elon Musk’s SpaceX targets a record $1.75 trillion valuation in its Nasdaq debut, retaining control via super-voting shares.
SpaceX submitted its IPO filing for a Nasdaq listing under ticker SPCX, aiming for a $1.75 trillion valuation, which would mark the largest public offering in history. The prospectus does not disclose the IPO share price or total offering size but values existing shares at $42.40 each for 261.8 million shares issued in a prior acquisition.
The filing reveals a dual-class share structure, granting Musk’s Class B shares 10 votes each while public investors receive Class A shares with one vote. SpaceX also designated itself a “controlled company,” exempting it from certain Nasdaq governance rules. The company has absorbed X and xAI, signaling a push into AI and space infrastructure.
Goldman Sachs, Morgan Stanley, Bank of America, Citi, and JPMorgan are listed as lead underwriters. The IPO follows a confidential SEC filing in April and years of speculation about the company’s public debut.