More details emerge on SpaceX IPO
June 3, 2026
SpaceX’s upcoming Initial Public Offering (IPO) is looking to raise $75 billion (€64.6bn) and to price the offering’s shares at $135 per share. A Reuters report states that SpaceX will issue 555.6 million new shares.
At $75 billion, the IPO would more than double the $29.4 billion raised by Saudi Aramco back in 2019, then the biggest ever listing. SpaceX reportedly is seeking an initial IPO valuation of around $1.75 trillion.
However, an independent research company, Morningstar, cautioned that the IPO could disappoint Elon Musk and raise less than half the much-hyped predictions. Analysts at Morningstar said they valued SpaceX at $780 billion and that shares in the rockets-to-AI business were likely to be “overvalued in almost any scenario, at least in the near term”.
Morningstar is an independent research firm which, unlike the army of investment banks working on the initial public offering, does not stand to gain from the flotation.
The key dates in the IPO are already in play with official marketing now taking place. The IPO is due for formal pricing on June 11th with stock marketing listing taking place on June 12th according to Bloomberg.
Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase & Co. are the leading banks looking after the IPO along with 18 other banks. The company, known formally as Space Exploration Technologies, expects to make its debut on Nasdaq under the symbol SPCX.
SpaceX has also issued a revised IPO Prospectus with extra detail on the Starlink portion of the rocket company’s business. It is clear that Starlink is now the growing segment having enjoyed significant revenue growth from 2024 (and about $4 billion in revenue) and 2025’s $11+ billion in revenue, and with growing profitability margins.
As one observer said on June 3rd: “Rockets may have built SpaceX but Starlink is scaling [the business].”
One significant investor, Ron Baron, speaking on CNBC’s Squawk Box telecast, who was an early investor in SpaceX with a $1.7 billion stake in the (then) privately-held business and which has since grown to a valuation of about $15 billion, said he had placed a pre-order for $1 billion-worth of shares. He stated in his view that SpaceX could grow into “a $10 trillion, 20 trillion, 30 trillion company, and I could be very low.”
Separate news has also emerged that the UK is using SpaceX’s Starsheild military communications facility.
The report, out of the Middle East and credited to “two people familiar with the matter”, would make the UK among the first countries outside the US to adopt Elon Musk’s government-focused variant of Starlink.
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