SpaceX Proposes $135 IPO Price, Valuation to Reach $1.77 Trillion and Rank 7th by Market Cap

SpaceX, which is preparing for an initial public offering (IPO), has proposed a fixed offering price of $135 per share. At this price, the company’s valuation would reach $1.77 trillion, making it the seventh largest by market capitalization on the Nasdaq as of June 4, 2026.

According to Bloomberg News on June 3 (local time), SpaceX stated in documents submitted to the U.S. Securities and Exchange Commission (SEC) that it plans to offer approximately 555.6 million shares at $135 per share. Through this IPO, SpaceX intends to raise $75 billion. If the plan proceeds as expected, it will mark the largest capital raise in U.S. IPO history, far surpassing the previous record of $29.4 billion set by Saudi state-owned oil company Aramco in 2019. SpaceX aims to list on the Nasdaq on June 12, with its investor roadshow beginning on June 4.

If the listing is successful, SpaceX’s total corporate valuation is expected to reach between $1.5 trillion and $1.8 trillion. U.S. business media outlet CNBC noted that this would even surpass the $1.6 trillion market capitalization of Tesla, led by Elon Musk.

Notably, this IPO is expected to bring significant financial gains for several senior officials from the Trump administration. Bloomberg News, citing asset disclosure documents made public last year, reported that around 10 high-ranking officials, including Steve Witkoff, U.S. White House Special Envoy to the Middle East, and Kelly Loeffler, Administrator of the Small Business Administration, are found to hold SpaceX or xAI shares valued between at least $9.9 million and up to $43.8 million.

The official who reported the largest stake in SpaceX is Paul McInerney, Chief Information Officer (CIO) at the U.S. Department of the Interior. As a former SpaceX employee, his shareholding in SpaceX is valued between $5 million and $25 million. He also sold some of his SpaceX shares in 2024 and 2025, earning between $1 million and $5 million in profits. Additionally, Michael Lynch, another former SpaceX employee who is now Deputy Administrator of the General Services Administration, holds SpaceX shares valued between $500,000 and $1 million.

Furthermore, Special Envoy Witkoff reported holding assets valued between $1 million and $5 million through 3G Investors LLC. According to the disclosure documents, the only asset held by this company was SpaceX stock. Kevin Warsh, Chair of the U.S. Federal Reserve, was also found to have invested indirectly in SpaceX through a fund under the Duquesne Family Office, led by billionaire investor Stan Druckenmiller. However, he has stated that he would divest his holdings in this fund before assuming his central bank position.

Some officials also hold shares in xAI, which merged with SpaceX in February. xAI is Elon Musk’s artificial intelligence (AI) startup. Administrator Loeffler reported an investment of between $1 million and $5 million in xAI, with the asset listed as part of her and her husband Jeffrey Sprecher’s family office, who is the founder of Intercontinental Exchange. Stacey Feinberg, U.S. Ambassador to Luxembourg, was also found to have invested indirectly in xAI. This investment was made through a fund managed by 1789 Capital, where Donald Trump Jr. is a partner, and Feinberg’s stake in the fund was valued between $500,000 and $1 million.

Meanwhile, Jamie Dimon, chairman of JP Morgan and often referred to as “the emperor of Wall Street,” is personally conducting investment briefings for the bank’s ultra-high-net-worth clients to promote SpaceX’s offering. These sessions will be broadcast simultaneously to approximately 90 JP Morgan branches across 26 U.S. states, with more than 2,500 clients expected to participate. While it is common for banks to support IPO roadshows, it is considered unusual for JP Morgan to hold such a large-scale, nationwide client briefing.

This content was produced with the assistance of AI translation services.