SpaceX disclosed the estimated share price in an SEC filing more than a week ahead of its planned public debut, an unusually early move. Companies typically reveal such estimates only the day before trading begins. The company expects to start trading on the Nasdaq on June 12 under the ticker symbol, which has not yet been announced.
The $1.75 trillion valuation represents a 40% increase from SpaceX’s previous valuation of $1.25 trillion earlier this year. SpaceX’s portfolio includes its core rocket-launch business, the Starlink satellite-internet network, and the artificial-intelligence company xAI, which Musk later merged with the space firm.
Samuel Kerr, head of equity capital markets research at Mergermarket, said the valuation was “incredibly rich.” He noted that SpaceX’s price-to-sales ratio is higher than that of any of the so-called “Mag 7” stocks — Alphabet, Amazon, Apple, Meta, Nvidia, Microsoft, and Tesla, another of Musk’s companies. “But SpaceX is being valued on future earnings and revenue rather than the here and now, so some investors might be willing to overlook that,” Kerr said.
SpaceX reported $18.6 billion in revenue for the trailing twelve months, but recorded a net loss of $4.9 billion over that same period. In the first quarter of 2026, sales reached $4.7 billion, while the net loss was $4.3 billion. Its balance sheet lists $102 billion in assets, including rockets and ground equipment, and $60.5 billion in debt.
Despite the losses, venture-capital interest has remained strong. Ruth Foxe-Blader, managing partner at Citrine Venture Partners, previously told BBC News that SpaceX was “an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future.”
The offering carries risk. According to Dealogic, nearly half of companies that have gone public in the last 30 years have seen their market value decline compared with the listing price. Still, the $75 billion IPO would be the largest on record, dwarfing the previous record-holders Alibaba ($25 billion in 2014) and Saudi Aramco ($25.6 billion in 2019).
If all shares are sold at $135, Musk’s roughly 80% stake would be worth approximately $1.4 trillion — enough to make him the world’s first person with a 12-figure net worth, according to Bloomberg Billionaires Index estimates.
The broader market has provided a supportive backdrop for the offering. The Nasdaq Composite Index closed at 27,093.9 on June 3, the day of SpaceX’s filing, near recent highs driven by enthusiasm for artificial-intelligence and space-technology stocks.