SpaceX $75B IPO Shatters Records, Creates $752B Trillionaire Elon Musk

From a capital markets perspective, the SpaceX debut is a seismic event. The $75 billion raise, priced at $135 per share for a 4.2% float, instantly makes it the seventh most-valuable U.S. company—above Tesla—and minting the world’s first trillionaire. But the real story for investors is the looming stress test: a company with a $4.28 billion quarterly net loss, super-voting shares that concentrate 85% control in Elon Musk’s hands, and a lockup that ties his selling to opaque operational milestones. This bellwether will set the tone for the impending OpenAI and Anthropic megas-IPOs.

SpaceX has officially priced its initial public offering at $135 per share, raising $75 billion in the largest U.S. IPO in history, and setting an astronomical valuation of $1.77 trillion. The transaction, which makes the Hawthorne, California-based aerospace titan the seventh most-valuable U.S. company—surpassing even Tesla—is poised to redefine not only the space industry but global wealth rankings, as Elon Musk’s controlling stake instantly catapults him to become the world’s first trillionaire. The offering, which floats 555.6 million shares, arrived on Thursday, June 11, 2026, with Nasdaq trading expected to commence the following day. The offering documents, filed with the Securities and Exchange Commission, reveal a company in hyper-growth mode but still deeply unprofitable: first-quarter revenue climbed 15% year-over-year to $4.69 billion, yet net losses widened to $4.28 billion, following a $4.94 billion loss for all of 2025.

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The $75 billion raise, priced at $135 per share for a 4.2% float, instantly makes it the seventh most-valuable U.S.

This capital infusion—orders of magnitude larger than any prior IPO—comes at a pivotal moment for the space economy. SpaceX intends to deploy the proceeds to fund an ambitious triad of projects: orbital data centers, a lunar factory, and long-planned Mars expeditions. The vision extends far beyond satellite launches, positioning the company as a vertically integrated infrastructure provider for an off-world future. It also arrives just weeks after the twelfth successful test flight of the next-generation Starship rocket on May 23, a critical vehicle for those deep-space ambitions.

The governance structure underscores Musk’s iron grip: he controls more than 85% of shareholder votes via super-voting shares, even though his economic ownership is near 50%. Regulatory filings further stipulate that Musk cannot sell certain shares until SpaceX achieves specific operational milestones, a lockup designed to align his incentives with long-term corporate goals. His holdings are worth just over $752 billion at the IPO price, a staggering concentration of personal wealth that redefines billionaire rankings overnight.