SpaceX targets a $1.77 trillion IPO for a historic Nasdaq debut

SpaceX plans an IPO valuing the company at about $1.77 trillion, selling 555.6 million shares at $135 to raise roughly $75 billion and aiming for the largest stock market debut in history. If successful, SpaceX would rank as one of the top seven companies by market cap, with Musk maintaining a controlling stake and near-trillionaire status despite SpaceX’s lack of profitability (losses in 2025 and Q1 2026). The shares are set to trade on Nasdaq from June 12 under a dual-class structure that preserves voting power, a move analysts say reflects Musk’s deal control. The listing follows optimism about mega-IPOs this year and comparisons to Aramco’s 2019 debut, with investors pricing a potential $2.2 trillion end-of-day value.”,