Posted: Sat, Jun 6, 2026, 12:13 PM ET (1613 GMT)
SpaceX plans to raise at least $75 billion in an IPO that would value the company at more than $1.75 trillion. The company released an updated prospectus for its initial public offering on Wednesday, disclosing it will sell more than 555.5 million shares at $135 per share. The offering includes an option to sell 83.3 million additional shares in the 30 days after the IPO, bringing the total raised to more than $86 billion. SpaceX said the proceeds would go towards various initiatives in launch, satellite constellations and artificial intelligence, but with few details. The documents also showed that SpaceX CEO Elon Musk will hold more than 80% of the voting power of the company's shares, giving him control over any matters requiring shareholder approval. Shares are expected to begin trading at the end of next week.

Related Links:

•  SpaceNews article
•  BBC article
•  Bloomberg News article
•  Wall Street Journal article
•  CNBC article