Elon Musk's SpaceX eyes $1.77tn valuation ahead of historic IPO

Author: John PowerPublished on: June 4, 2026Country: United States

Business & EconomyTechnology

Elon Musk's SpaceX eyes $1.77tn valuation ahead of historic IPO

SpaceX, Elon Musk's rocket company, is targeting a valuation of nearly $1.77 trillion in its initial public offering, the largest in history. In a SEC filing, it plans to sell 555.6 million shares at $135 each, raising about $75 billion. Musk, who holds a 42% stake, is poised to become the world's first trillionaire. Shares will trade on the Nasdaq from June 12.

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