SpaceX targets $1.8T valuation in IPO

Space Exploration Technologies Corp. is preparing for an initial public offering that targets a valuation of at least $1.8 trillion, according to people familiar with the matter. The company is reported to be seeking to raise as much as $75 billion in the deal, positioning the transaction among the largest equity offerings contemplated in global markets.

The reported figures reflect SpaceX’s current approach as it advances toward public markets. Coverage of the plans notes that the valuation objective and fundraising size are targets and remain subject to change during the marketing process and final pricing.

Formal investor marketing, including roadshow presentations, is expected to begin as soon as June 4, 2026, according to the reports. Pricing of the IPO could take place as early as June 11, 2026, although the timing may shift depending on investor feedback and market conditions.

The roadshow will give institutional investors an opportunity to review SpaceX’s strategy and financial profile ahead of the offering. The proposed schedule underscores that the transaction is moving into a more concrete phase, while still allowing flexibility as preparations continue.

A consortium led by Goldman Sachs (GS), Morgan Stanley (MS), Bank of America (BAC), Citigroup (C) and JPMorgan (JPM) is managing the transaction, joined by roughly 18 other banks. This large underwriting group reflects the anticipated scale of the offering and the broad distribution expected across global capital markets.

The involvement of multiple major U.S. investment banks also indicates that the IPO will likely be marketed to a wide range of institutional and retail investors. The structure is designed to support execution of a deal of this size, subject to investor demand and final terms.

SpaceX intends to list its shares on Nasdaq and Nasdaq Texas, according to the reporting. The company plans to trade under the ticker symbol "SPCX" on both venues once the IPO is completed.

The dual Nasdaq and Nasdaq Texas listing plan highlights the company’s intention to access deep pools of liquidity in U.S. equity markets. Final listing details, like other elements of the transaction, may be refined as the offering approaches.

The current coverage presents an offering framed by a targeted valuation of at least $1.8 trillion, potential proceeds of up to $75 billion, a large global underwriting syndicate, and a defined but flexible timetable. These elements outline how SpaceX is positioning itself for a transition from private to public ownership.

While the specific terms may evolve, the disclosed plans indicate that preparations have reached an advanced stage, with key decisions already made on valuation targets, lead banks, marketing dates and listing venues for the SPCX shares.