π UPDATE β June 3, 2026
SpaceX has officially filed with the SEC to go public, targeting a share price of $135 and planning to sell approximately 555.55 million shares to raise $74.4 billion. The offering would value SpaceX at roughly $1.75 trillion β making it one of the largest IPOs in history. The public float at IPO would be a slim 4.25%, meaning Musk and existing stakeholders would retain the vast majority of the company. This official SEC filing puts to rest earlier speculation about reduced valuation targets that Musk had publicly denied.
Elon Musk pushed back Thursday on reports that SpaceX had quietly reduced its IPO valuation target, posting a one-word rebuttal β 'false' β on X. The denial came as speculation circulated that the company had trimmed its ambitions ahead of what could be the largest public offering in history.
The reports Musk denied had suggested SpaceX lowered its valuation target to at least $1.8 trillion, down from an earlier aim of over $2 trillion. According to multiple financial sources, the company is still targeting a raise of as much as $75 billion β a figure that would set an all-time record for an IPO. SpaceX plans to list on Nasdaq and Nasdaq Texas under the ticker symbol SPCX.
The timeline is moving fast. Formal marketing could begin as early as June 4, 2026, with pricing potentially following around June 11 β though both dates remain subject to change. SpaceX's IPO materials reportedly frame the company not just as a rocket and satellite business, but as an AI and infrastructure platform targeting an estimated $28.5 trillion total addressable market. The company generated $18.7 billion in revenue in 2025, according to financial reporting.
Whether the $2 trillion-plus valuation holds or the reported haircut turns out to be accurate, the window to find out is narrow. If the June timetable sticks, pricing is less than two weeks away.
Sources & reporting notes
The links below identify the material source records used for this report.
- @wholemars on X (2026-05-29T17:50:31.000Z) β Direct source
- @SawyerMerritt on X (2026-06-03T20:36:34.000Z) β Direct source
- @SawyerMerritt on X (2026-06-03T20:39:48.000Z) β Direct source
Source links are preserved as published or accessed. See our editorial standards and corrections policy.
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This report was curated by the BASENOR Editorial Desk from the sources listed above. Read our editorial standards or email editorial@basenor.com to report an error.
