SpaceX seeks $75 billion raise in unprecedented public debut

SpaceX is pursuing an unprecedented public debut by targeting a $75 billion raise and pricing its shares at $135 each before a formal roadshow. The plan would sell 555.6 million shares, valuing the company at about $1.75 trillion and placing SpaceX among the largest IPOs in history. The offering would be all primary, with proceeds going to the company rather than existing shareholders, and the roadshow is set to begin after early 'testing the waters' discussions with potential investors. The move signals a potential turning point for blockbuster listings alongside AI firms OpenAI and Anthropic pursuing their own public debuts. SpaceX would allocate up to 30% of its shares to retail investors, a notable departure intended to tapped Musk’s loyal following, and Musk would be required to hold his SpaceX shares for 366 days post-offering. Funds raised are expected to support expanded AI computing infrastructure and growth of Starlink. The valuation reflects investor expectations for ventures beyond SpaceX's current operations, including future Mars missions and space-based data centers. Earlier this year, SpaceX merged with Musk's AI startup xAI in a deal that valued SpaceX at $1 trillion and xAI at $250 billion, while Morningstar has valued SpaceX at about $780 billion, illustrating the gap with the planned IPO valuation.