Elon Musk’s aerospace company SpaceX has reportedly secured $75 billion from major financial institutions ahead of its highly anticipated stock market debut, a move that could pave the way for the largest initial public offering (IPO) in history.
According to documents filed with the U.S. Securities and Exchange Commission (SEC), cited by the BBC’s Russian Service, SpaceX shares were priced at $135 each during the latest fundraising round. The valuation aligns with previously reported targets and places the company’s market capitalization at approximately $1.8 trillion.
If the valuation is maintained following the public offering, SpaceX would immediately rank among the world’s most valuable publicly traded companies.
The milestone could also bring Musk, the company’s founder and chief executive officer, closer to becoming the world’s first trillionaire. Analysts estimate that his net worth could approach the $1 trillion mark, depending on the company’s post-listing performance and the value of his holdings.
Market observers expect strong demand for SpaceX shares from both institutional and retail investors. Some analysts believe the stock could rise further after trading begins. Brokerage firm Oppenheimer, for example, has projected a potential share price of $190.
The final valuation, however, will ultimately be determined by market demand once the stock begins trading publicly.
Tom Mueller, SpaceX’s first employee and the founder of Impulse Space, described the company’s rise as an “incredible journey.” Reflecting on its early years, he recalled failed rocket and engine tests before the company’s breakthrough achievement in 2008, when it successfully launched a rocket into orbit.
Industry experts say the SpaceX listing could serve as a benchmark for other major privately held technology companies considering public offerings, including Anthropic and OpenAI.
Despite becoming a publicly traded company, Musk is expected to retain overwhelming control over SpaceX through a dual-class share structure that grants different voting rights to shareholders.
Following the IPO, he is projected to own roughly 40% of the company’s equity while controlling more than 84% of shareholder voting power. Such an arrangement would allow him to maintain decisive influence over major corporate decisions.
Analysts note that while this governance structure can help preserve the company’s long-term strategic vision, it may also raise concerns among minority investors, as significant decision-making authority remains concentrated in the hands of a single individual.
