Back to today’s briefing

Story perspectives

SpaceX Raises $75B at $135, Musk Keeps 82% Control

6/12/2026

41 8 Full Breakdown

Summary

Story summary

SpaceX set a fixed $135 share price in a prospectus, skipping the usual price-discovery roadshow.
The company raised $75 billion by selling 555.6 million shares at $135 each, valuing SpaceX at $1.77 trillion.
Elon Musk will retain more than 82 percent of voting power, giving him near-total control.
Oppenheimer gave the offering an outperform rating, set a $190 price target, and noted retail demand exceeded supply by more than four times.

History

Historical Context

In May 2012 Facebook went public on Nasdaq at $38 a share, raising $16 billion and valuing the company at $104 billion, the largest debut for a tech firm at the time. The IPO followed years of private trading, a dual-class share structure that kept Mark Zuckerberg in control of 57 % of voting power, and underwriters Morgan Stanley, JPMorgan Chase and Goldman Sachs, whose sparked lawsuits and regulatory scrutiny.

1 of 2

Story summary

SpaceX set a fixed $135 share price in a prospectus, skipping the usual price-discovery roadshow.
The company raised $75 billion by selling 555.6 million shares at $135 each, valuing SpaceX at $1.77 trillion.
Elon Musk will retain more than 82 percent of voting power, giving him near-total control.
Oppenheimer gave the offering an outperform rating, set a $190 price target, and noted retail demand exceeded supply by more than four times.

1 / 2