SpaceX eyes a June market debut at up to $2 trillion — which would make it the largest IPO ever and put it in the same tier as Apple and Microsoft

SpaceX has set its sights on a June debut on the Nasdaq, with reports pointing to a valuation as high as $2 trillion. The move would eclipse previous records for initial public offerings and position the rocket and satellite company among the most valuable enterprises in the world, comparable in scale to leaders like Apple and Microsoft.

Ambitious Valuation and Timing

SpaceX filed paperwork with regulators outlining plans for a public listing under the ticker symbol SPCX. Sources indicate the company aims to price shares around $135 each, supporting a valuation in the range of $1.75 trillion to $2 trillion. This would represent one of the largest capital raises in market history.

The timeline calls for trading to begin around June 12. Such a debut comes after a February merger with xAI that valued the combined entity at $1.25 trillion. The offering stands to provide significant liquidity for early investors and employees while attracting broad market attention.

Record-Setting Raise

The transaction could generate as much as $75 billion in proceeds, surpassing the previous high set by Saudi Aramco in 2019. This scale reflects strong investor interest in SpaceX’s operations across launches and satellite services.

Underwriters including major banks have supported the process. The structure includes a substantial retail allocation, broadening access beyond traditional institutional buyers. Success in this area would mark a notable shift for a company long known for its private status.

Foundations in Space and Technology

SpaceX built its reputation through reusable rocket technology, achieving high launch volumes in recent years. Its Starlink constellation delivers satellite internet to millions of subscribers worldwide and contributes the majority of current revenue, reported near $12 billion for 2025.

The business also encompasses government contracts and development of next-generation vehicles. These elements have driven growth and established the company as a central player in expanding commercial space activities.

Leadership and Strategic Direction

Elon Musk maintains substantial voting control following the public transition. His role has guided the company through ambitious projects, from routine orbital missions to longer-term goals in exploration.

This continuity offers reassurance to supporters focused on execution. At the same time, the public structure introduces greater scrutiny and expectations for financial performance from a wider base of shareholders.

Market Context and Comparisons

A valuation at this level would place SpaceX in the company of the largest technology firms by market capitalization. Apple and Microsoft have sustained positions in the multi-trillion-dollar range through diverse operations and steady returns.

For SpaceX, the listing highlights the rapid maturation of the space sector. Outcomes will depend on delivery against growth targets in connectivity and transportation services amid evolving competition and operational demands.