SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire
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Elon Musk’s SpaceX is looking to raise $75bn (£55bn) from its blockbuster stock market listing next week as the rocket company aims for the largest initial public offering ever.
Key facts
The previous record for an IPO is the oil company Saudi Aramco, which floated in 2019 at a price of $1.7tn and raised $25.6bn
Despite its lofty valuation, the SpaceX business lost $4.9bn in 2025 on revenues of $18.7bn
Forbes values Musk’s net worth at $825bn, and his stake in SpaceX at $542bn
The rocket, satellite and artificial intelligence company, formally known as Space Exploration Technologies Corp, said that it would sell 555.6m shares at $135 a piece
Summary
If the stock market launch, primed for 12 June, goes as planned, founder Musk, the world’s wealthiest person, could make history as the first trillionaire. The rocket, satellite and artificial intelligence company, formally known as Space Exploration Technologies Corp, said that it would sell 555.6m shares at $135 a piece. That would give SpaceX, which is loss-making, a market value of $1.77tn. Musk is not selling any of his shares in the SpaceX offering and would retain 82.4% of the voting power in the company.