SpaceX targets historic $1.75 trillion Nasdaq debut with $75 billion raise

SpaceX is preparing for a landmark initial public offering on the Nasdaq, with reports pointing to a target listing date of 12 June. The company is seeking to raise approximately $75 billion, a move that would assign it a valuation of $1.75 trillion. If successful, this would represent the largest market debut in history, significantly eclipsing Saudi Aramco’s $29 billion IPO in 2019.

Investors may soon gain access to the company’s prospectus, which has been filed with the US Securities and Exchange Commission (SEC). According to Bloomberg and other media outlets, the document could become public as early as this week. SpaceX submitted preliminary confidential paperwork to the regulator in early April, and the forthcoming filing is expected to disclose detailed financial metrics, revenue figures, and risk assessments.

The prospectus is anticipated to highlight the company’s ambitious long-term objectives, including its stated goal of establishing a self-sufficient city on Mars. This strategic vision is expected to feature prominently within the document’s “risk factors” section, offering transparency on the regulatory and operational challenges associated with such an enterprise.

Financial Times reporting indicates that CEO Elon Musk will retain significant control over the company post-listing through a supermajority of class B stock. This governance structure is designed to concentrate voting power, effectively preventing Musk from being removed from his position as chief executive and board chair.

SpaceX has largely dominated the commercial rocket launch market and currently operates more than 10,000 Starlink satellites in orbit. The company has also recently merged with xAI, Musk’s artificial intelligence venture. While the official listing is targeted for mid-June, platforms such as OKX and Crypto.com have already launched synthetic derivatives for SpaceX shares, allowing investors to gain exposure prior to the formal debut.