According to reports, Elon Musk’s SpaceX is aiming to fix its IPO (Initial Public Offering) price of $135 per stock. The firm aims to sell about 555.6 million shares, with a valuation of $1.75 trillion. According to sources close to the firm, SpaceX will likely sell less than 5% of its shares in its IPO. The sale will like raise between $60 million and $80 million.
Will SpaceX Stock Price Surge Following Its IPO?
SpaceX’s IPO will see the sale of a much smaller portion of shares that what is typically seen. However, Musk is known to be quite unorthodox in these factors. Additionally, there is no law that bans SpaceX from its unconventional plan. According to Weiheng Chen, a senior partner Wilson Sonsini Goodrich & Rosati, Hong Kong, “Musk is simply taking a ‘take-it-or-leave-it’ approach which works for his followers and is also sensible given the market conditions and the lack of comparables.“
SpaceX’s historic IPO is expected to take place on June 12, 2026. We have about 10 days till the target date. SpaceX’s IPO will be closely followed by AI heavyweights OpenAI and Anthropic going public as well. The AI industry has seen massive growth over the last few years. Nvidia (NVDA) is the leader in the recent upswing. The chipmaker hit a market cap of $5.7 trillion last month, dwarfing the GDPs of several countries.
Also Read: Elon Musk May Merge Tesla And SpaceX Post IPO
While SpaceX is a space venturing company, one should note that the firm acquired Musk’s xAI earlier this year. Hence, SpaceX does have an AI company within it. Given the demand and surge for AI platforms and AI stocks, there is a high chance that SpaceX will follow a similar trajectory. The IPO’s success could potentially turn Musk into the world’s first trillionaire.
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