SpaceX to price IPO at $135, aiming for $75B raise and a $1.75T valuation

SpaceX plans a landmark all-primary IPO with a fixed price of $135 per share to raise about $75 billion, valuing the company at roughly $1.75 trillion and listing on Nasdaq under SPCX. The deal would involve selling about 555.6 million shares, with proceeds earmarked for expanding AI computing resources and SpaceX’s satellite network (including Starlink). The unconventional, take-it-or-leave-it pricing approach comes as Musk-led SpaceX looks to ride a wave of mega-IPOs and follow a recent xAI merger, with roadshows beginning soon and underwriters led by Goldman Sachs, Morgan Stanley, BofA, Citi, and J.P. Morgan.