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Jun 12, 2026
Analyzed by GPT OSS 120B

SpaceX to List on US Stock Market at $1.77tn Valuation in Largest Ever Debut

AI Summary
SpaceX is set to go public on Friday with an IPO that could value the company at $1.77 trillion, the largest ever. The fixed share price of $135 has attracted demand up to four times oversubscribed, while the move raises questions about AI‑driven valuations and market risk.

The $1.77tn SpaceX IPO Sets a New Record

SpaceX will list on a U.S. exchange on Friday, ending 25 years as a private firm. The company’s $1.77tn valuation would make it the world’s largest initial public offering.

Valuation, Pricing and Investor Demand Numbers

  • Fixed share price: $135 per share
  • Capital target: $75bn, with potential inflow up to $250bn if oversubscription holds
  • Revenue 2025: $18.7bn with an operating loss of $4.3bn
  • Investor demand reported as up to four times oversubscribed
  • More than 4,400 current and former employees could become millionaires

Implications for AI‑Heavy Public Markets and Investor Risk

The debut arrives amid a surge of AI‑focused IPOs, including OpenAI and Anthropic. Analysts note the concentration of voting power—Musk holds roughly 85% of SpaceX shares—and the company’s ongoing cash burn as red flags for investors, especially as the stock may enter index funds that hold retirement savings.

What the SpaceX Debut Means for Future Tech Listings

Regulators, highlighted by Senator Elizabeth Warren, may face pressure to scrutinize valuation methods for companies with limited profitability. If the offering proceeds smoothly, it could encourage other high‑valuation, AI‑linked firms to pursue public listings despite similar financial profiles.