SpaceX unveils record $75 billion IPO to bankroll AI compute, launches and Starlink

SpaceX plans a $75 billion IPO by selling about 555.6 million shares at $135, valuing the company around $1.785 trillion. Insiders would hold roughly 95.8% of the float, with underwriters allowed to sell additional shares for up to $85.7 billion total. Proceeds will fund AI compute infrastructure, launch capacity, orbital satellite constellations, and general corporate needs, including repaying a $20 billion bridge loan within six months. Musk would own about 42% pre-dilution, and a $1.6 trillion valuation would put him on track to become the world’s first trillionaire, buoyed by Starlink’s profitability that underpins the IPO’s rationale.