Story perspectives

SpaceX Sets $135 Share Price, Targets $1.75 T Valuation

6/3/2026

Summary

Story summary

SpaceX will set a $135 share price before its roadshow, a “take-it-or-leave-it” IPO method.
The company plans a $75 billion IPO on Nasdaq on June 12, targeting a $1.75 trillion valuation, while Elon Musk faces a 366-day lock-up, with the structure keeping voting control with him and a small insider group.
30% of the shares may go to retail investors, with all proceeds earmarked for Starlink expansion, AI-computing infrastructure, and solar data centres.

History

Historical Context

Google’s August 19 2004 IPO sold 19,605,052 shares at $85, raising $1.67 billion while a dual-class structure gave founders Larry Page and Sergey Brin 51 % of voting power. After early $100 k seed funding in 1998 and a $25 million round in 1999, this model proved viable, and SpaceX mirrored it in its June 12 2024 $75 billion Nasdaq offering, keeping control with Elon Musk and insiders.

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Story summary

SpaceX will set a $135 share price before its roadshow, a “take-it-or-leave-it” IPO method.
The company plans a $75 billion IPO on Nasdaq on June 12, targeting a $1.75 trillion valuation, while Elon Musk faces a 366-day lock-up, with the structure keeping voting control with him and a small insider group.
30% of the shares may go to retail investors, with all proceeds earmarked for Starlink expansion, AI-computing infrastructure, and solar data centres.

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