SpaceX is defying traditional IPO volatility by launching with an unusual fixed price of $135 per share. The company’s $1.75 trillion valuation would officially rank it above Tesla as the seventh-largest U.S. corporation. A massive 555.6 million share offering signals a stunning $75 billion public float, one of the largest in tech history.
In a bold break from conventional initial public offerings, SpaceX has locked in a fixed IPO price of $135 per share, a move that bypasses the usual book-building process and sends a clear signal of confidence to institutional and retail investors alike. The decision, confirmed by CNBC, positions the aerospace giant for a direct listing-style certainty rarely seen at this scale. By choosing a fixed price, SpaceX reduces pre-IPO speculation and volatility, potentially setting a new precedent for high-profile tech debuts.
The company is targeting a June 12 listing on the Nasdaq under a yet-to-be-disclosed ticker, aiming for a fully diluted valuation of $1.75 trillion. That figure, contingent on the closing of the EchoStar spectrum and Cursor transactions, would instantly make Elon Musk’s rocket and satellite empire the seventh most valuable company in the United States. Remarkably, this places SpaceX ahead of Tesla, Musk’s electric vehicle juggernaut, which currently holds a market cap of approximately $1.6 trillion.
Behind the numbers lies an offering of staggering proportions. According to a person familiar with the private details, SpaceX plans to sell 555.6 million shares, implying a $75 billion offering size. To put that in perspective, that’s larger than the entire market capitalization of many S&P 500 companies. The fixed $135 price tag removes the typical uncertainty around where shares will open, a feature that could attract a wave of first-time IPO buyers seeking transparency in a notoriously opaque process.
While Reuters first reported some pricing details, CNBC’s confirmation adds weight to the growing narrative that SpaceX is not just launching a rocket company, but a financial event that could redefine how unicorns go public. By merging its Starlink broadband ambitions, Starship deep-space missions, and now a record-breaking IPO, Musk’s most privately held crown jewel is finally opening its books—on its own unconventional terms.
