SpaceX is moving fast toward a public market debut, and Elon Musk has weighed in directly on the upcoming IPO. According to reports shared by Tesla and SpaceX watcher Sawyer Merritt, Musk has addressed what shareholders and prospective investors can expect — including a notable personal commitment regarding his own stake in the company.
What We Know About the SpaceX IPO
Based on verified reporting, SpaceX is targeting a Nasdaq listing under the ticker symbol SPCX, with trading expected to begin as early as June 12, 2026. The timeline has actually accelerated from an initial late-June target, driven by a faster-than-expected SEC review process. A public prospectus filing is anticipated as early as the week of May 20, with the investor roadshow kicking off June 4 and the offering price expected to be set around June 11.
The scale of this offering is historic. SpaceX is targeting a valuation in the range of $1.75 trillion to $2 trillion, with the company aiming to raise approximately $75 billion through the offering — figures that would potentially make this the largest IPO in history. Underwriters include Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs.
Musk's Personal Stance: No Share Sales
One of the more closely watched details: Elon Musk has stated he will not sell any of his personal SpaceX shares in connection with the IPO. That's a meaningful signal for prospective investors — it means the IPO proceeds are going to the company, not to the founder cashing out.
Musk will, however, retain significant control over the company post-IPO. According to the confidential filing, he controls Class B shares carrying 10 votes each. Under this dual-class structure, Musk can only be removed from his CEO or chairman roles by a vote of Class B holders — which he controls. Prospective investors are explicitly informed in the filing that this structure limits their ability to influence corporate matters.
Stock Split and xAI Merger Context
Ahead of the public listing, SpaceX shareholders have approved a 5-for-1 stock split. The adjustment reduces the fair market value per share from approximately $526.59 to $105.32, with the split scheduled to be processed during the week of May 18 and completed by May 22. The lower per-share price is designed to broaden retail investor accessibility once trading begins.
There's also a significant structural change worth noting: SpaceX merged with Musk's AI company xAI in February 2026, and as of May 2026, xAI is fully absorbed into SpaceX and rebranding as SpaceXAI. Investors buying into the SpaceX IPO will effectively be buying into a combined space, rocket, and artificial intelligence business — a scope that goes well beyond what the SpaceX brand name alone suggests.
SpaceX is also targeting early inclusion in the Nasdaq-100 Index, leveraging a new fast-entry rule that took effect May 1, 2026. If achieved, that would trigger automatic buying from index-tracking funds, adding significant demand pressure in the weeks after the listing.
For Tesla owners and investors who follow Musk's broader portfolio, the SpaceX IPO represents the most significant liquidity event in his empire since Tesla itself went public in 2010. Whether the $2 trillion valuation holds through the roadshow — and how Musk's dual-class governance structure lands with institutional investors — will be the story to watch over the next four weeks. You can follow our SpaceX coverage for updates as the listing date approaches.
Sarah focuses on Tesla Energy, SpaceX missions, and the broader Musk AI portfolio. Former data analyst in clean energy. Based in San Francisco.
Sources verified at publish time. Spotted an inaccuracy? Email editorial@basenor.com.
