Space Exploration Technologies Corp. (SpaceX) has officially priced its long-awaited initial public offering (IPO), setting the share price at $135 and marking one of the largest and most anticipated public listings in recent market history.
The company announced that it will offer 555.6 million shares of Class A common stock, raising approximately $75 billion before underwriter options and expenses. Trading is expected to begin on June 12 under the ticker symbol “SPCX” on both the Nasdaq Global Select Market and Nasdaq Texas. The offering is scheduled to close on June 15, subject to customary conditions.
SpaceX has also granted underwriters a 30-day option to purchase up to an additional 83.3 million shares, potentially increasing the total proceeds from the offering.
A consortium of major global investment banks is leading the IPO, including Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital Markets, UBS, and Wells Fargo Securities. Several other international financial institutions are participating as co-managers.
The company confirmed that regulatory approvals have been secured in the United States, while prospectuses and offering documents have also been filed or made available for investors in Canada, Europe, the United Kingdom, Australia, Japan, and other international markets.
The IPO represents a milestone for Elon Musk’s space exploration company, which has transformed the global launch industry through reusable rockets, satellite internet services, and deep-space ambitions. Investors have been closely watching the offering, viewing it as one of the most significant public market debuts of the decade.
