Spacex Reveals Proposed Share Price of $135 Ahead of The Biggest IPO Ever; Will it Beat Saudi Aramco 2019 Record?

Mumbai, June 4: Elon Musk’s SpaceX has unveiled a proposed share price ahead of its planned stock market debut, valuing the aerospace and technology company at roughly $1.75 trillion and setting the stage for what could become the largest initial public offering (IPO) ever. 

In regulatory filings, SpaceX said it intends to offer shares at $135 apiece, a level that would mark a sharp jump from its previous valuation of about $1.25 trillion earlier this year. If the company succeeds in raising its targeted $75 billion, it would comfortably surpass the current IPO record held by Saudi Aramco, which raised $25.6 billion in 2019. 

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The company is expected to begin trading on the Nasdaq on June 12. 

Unusual early pricing move 

SpaceX’s decision to disclose a proposed share price more than a week before its market debut is highly unusual. Most companies reveal their IPO price range only shortly before trading begins, after assessing investor demand. 

The early disclosure appears aimed at building momentum ahead of the listing while giving investors greater visibility into the company’s expectations. However, the final IPO price will ultimately depend on market demand and could differ from the proposed level. 

Should the stock debut at or above $135 per share, SpaceX would instantly rank among the world’s most valuable publicly traded companies. 

The listing could also significantly boost Musk’s personal wealth. The billionaire entrepreneur controls more than 80% of SpaceX, and a successful debut at the proposed valuation could put him on a path toward becoming the world’s first trillionaire. 

Investors betting on future growth 

Despite the lofty valuation, SpaceX remains a loss-making company. Last year, the company generated revenue of $18.6 billion but reported a net loss of $4.9 billion. In the first quarter of 2026, revenue stood at $4.7 billion while net losses reached $4.3 billion. 

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Its balance sheet shows assets worth about $102 billion, including rockets, satellites and related infrastructure, alongside debt of approximately $60.5 billion. 

Visa is being compared because, among the largest IPOs ever, the firm has emerged as the standout performer. Since debuting in 2008, Visa’s stock has delivered gains of more than 650%, far outperforming many other mega listings that struggled after their market debuts. To be sure, SpaceX is attempting to raise more than four times as much capital. Source: Research 

Analysts note that investors are valuing SpaceX largely on its future potential rather than current earnings. Beyond its traditional rocket-launch business, the company has expanded aggressively into satellite internet through Starlink, artificial intelligence, social media and data infrastructure. 

AI ambitions drive valuation 

A key factor behind the valuation surge is SpaceX’s growing focus on artificial intelligence. 

Earlier this year, the company acquired xAI, Musk’s artificial intelligence venture known for developing the Grok chatbot. The acquisition strengthened SpaceX’s exposure to the rapidly expanding AI sector, which has become a major driver of investor enthusiasm globally. 

Musk has repeatedly argued that space-based infrastructure could play a critical role in supporting future AI development. He has outlined plans involving AI-focused satellites and even orbital data centres capable of powering next-generation computing systems. 

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However, some investors remain cautious. Critics argue that combining aerospace operations, satellite broadband, social media and AI under a single corporate structure increases complexity and execution risk. 

Even so, SpaceX’s upcoming IPO is expected to be closely watched by global investors and could become a defining moment for both the technology sector and capital markets in 2026. 

Source: Nasdaq