Catenaa, Wednesday, June 03, 2026- SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its IPO, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal.
Bloomberg News reported that the rocket, satellite, and artificial intelligence company aims to sell 555.6 million shares in the offering.
Deliberations are ongoing, and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, the report said.
The move adds to the unconventional aspects of a deal that’s set to be the biggest ever listing.
Most companies listing in the US typically announce a price range before marketing shares during investor presentations, with only a handful of tiny firms opting for a fixed price.
Such offerings are more common in Europe and Asia. For example, the Hut Group raised $2.5 billion in a London IPO in 2020.
Musk has long disdained the norms that the executives who run giant public companies typically embrace.
In 2018, when considering taking Tesla private, he tweeted “funding secured” at $420 a share. He settled a lawsuit with the US Securities and Exchange Commission over the incident, with Musk and Tesla agreeing to pay investors a combined $40 million without admitting or denying wrongdoing.
The billionaire also said at the time that he was working with Goldman Sachs Group on the deal. The bank hadn’t been formally tapped in any such capacity, though it later agreed to advise him.
SpaceX’s IPO is among the most closely watched public listings globally. Its rapid march to market after confidentially filing in March, and then publicly last month, comes as investors closely monitor a pipeline of potential offerings from other high-profile technology companies.
The company is targeting a valuation of at least $1.8 trillion in the offering, Bloomberg has reported.
AI rivals OpenAI and Anthropic look to forge ahead with listings of their own, while Alphabet, which has its own large language models and AI infrastructure businesses, revealed plans for a record $80 billion equity offering on Monday.
The SpaceX deal would more than double the $29.4 billion record for the largest ever IPO set by Saudi Aramco in 2019.
SpaceX is expected to start formal marketing on June 4 and price as early as June 11, Bloomberg News has reported. The timetable could still slip by a matter of days.
The fundraising comes as SpaceX negotiates to pay razor-thin fees to the Wall Street firms, though banks are still likely to rake in about $500 million.
More than 1,000 current and former SpaceX employees have also joined forces to negotiate better pricing and access to sophisticated tax-saving financial products ahead of the IPO, which is poised to turn many of them into multimillionaires, Bloomberg has reported.
The group has considered more than 20 financial advisers and private banks, according to a May document reviewed by Bloomberg.
The document said they were “leveraging collective power” to secure significantly lower fees for financial advice, paying less than 0.5% on all assets under management, rather than the traditional 1% fee.
