Elon Musk's company SpaceX has sent shockwaves through the U.S. financial markets by announcing a preliminary IPO share price of $135 per share. The company plans to offer 555,555,555 shares, aiming to raise $75 billion (approximately 2.4 trillion baht), which would push its valuation to about $1.765 trillion (around 57.7 trillion baht). This would immediately rank SpaceX among the highest-valued U.S. companies if the offering is successful.
SpaceX, a leading U.S. aerospace technology company founded and led by Elon Musk, announced an IPO share price of $135 per share. This approach differs from Wall Street's traditional practice, which typically sets a price range after investor feedback during roadshows.
According to regulatory filings, SpaceX plans to offer 555,555,555 shares, aiming to raise about $75 billion (approximately 2.45 trillion baht). This would become the largest IPO fundraising in history, surpassing the previous record held by Saudi Aramco, the Saudi Arabian national energy and petrochemical company, which raised $25.6 billion in 2019.
If the offering succeeds, SpaceX's market value would reach approximately $1.765 trillion (about 57.7 trillion baht), making it one of the top 10 most valuable publicly traded companies in the U.S. Analysts predict this success could also make Elon Musk the first person worldwide with a net worth exceeding $1 trillion.
The company is scheduled to begin investor roadshows on 5 June, set the official IPO price on 11 June, and start trading on the Nasdaq stock exchange the following day.
Many investors have shown keen interest in this historic IPO despite concerns over the very high company valuation. SpaceX reported a net loss of $4.94 billion in 2025, although revenue grew 33% to reach $18.67 billion.
A key feature of this IPO is its unusually broad access for retail investors. Reports indicate that up to 30% of shares may be allocated to the general public to attract Elon Musk's global supporter base and widen share ownership.
Currently, SpaceX operates across aerospace, telecommunications, and defense sectors, with its Starlink satellite internet service as a major revenue source. The company states it has over 10.3 million users in 164 countries and territories worldwide.
SpaceX is also a key partner of NASA in its Artemis program to return humans to the Moon. The company is developing a lunar lander to support missions expected to occur in 2028.
Although SpaceX is going public, the IPO documents state that Elon Musk will retain strong control over the company, holding more than 80% of voting rights. This allows him to decisively steer the company's strategic direction and key decisions.
Founded in 2002, SpaceX is recognized as a pioneer in the new era of private space industry. It made history as the first private company to send a spacecraft to the International Space Station and the first to successfully send humans into space in 2020, making it one of the most closely watched technology firms worldwide today.