en.Wedoany.com Reported - On June 3, U.S. space exploration technology company SpaceX plans to issue shares at $135 per share in its initial public offering, targeting a fundraising of $75 billion. If the transaction is completed as currently arranged, SpaceX will become one of the largest IPOs in history, valuing the company at approximately $1.75 trillion.
The anomaly of this IPO lies in SpaceX pre-setting the share price at $135, weakening the traditional IPO roadshow process where a price range is gradually formed through institutional inquiries.
SpaceX's listing plan is not only a capital market event but also reflects the revaluation logic of commercial aerospace companies. In the past, aerospace companies typically formed revenue models around rocket launches, satellite manufacturing, government contracts, and defense projects, with capital markets valuing such companies closer to high-end manufacturing and aerospace contractors. What sets SpaceX apart is that it simultaneously operates multiple business lines, including reusable rockets, Starlink satellite internet, crewed spaceflight, deep space exploration, and future orbital infrastructure. If the company enters the public market at a $1.75 trillion valuation, investors are not just buying into existing launch business and satellite communication revenue, but also pricing in long-term narratives such as low-orbit internet, global connectivity, AI computing infrastructure, space transportation, and long-duration Mars missions.
Public information shows that SpaceX plans to issue approximately 555.6 million shares, with the IPO roadshow starting on June 4, pricing expected on June 11, and trading beginning on the Nasdaq on June 12.
This financing will further strengthen SpaceX's capital advantage in the commercial aerospace and satellite communication markets. Starlink has become a significant source of revenue and growth for SpaceX, while the global low-orbit satellite internet market is still in the stages of network coverage, terminal cost reduction, regulatory access, and enterprise customer expansion. Meanwhile, if the Starship system can continue to advance reusability and large-scale payload capacity, it will directly impact satellite deployment costs, deep space mission costs, and the pace of future orbital infrastructure construction. The $75 billion IPO fundraising scale far exceeds the financing needs of traditional tech companies going public, indicating that SpaceX aims to secure sufficient funds in the public market at once to support satellite network expansion, AI computing resources, launch system development, and longer-term space infrastructure projects. For investors, this type of asset combines high growth potential with high execution risk, and whether the valuation can be sustained over the long term will depend on Starlink's profitability, launch frequency, regulatory environment, Starship engineering progress, and the speed of future new business realization.
SpaceX's listing could also reignite the U.S. tech IPO market. In recent years, the pace of large private tech companies going public has slowed, and capital markets have become more cautious about high-valuation growth stocks. If SpaceX completes its issuance at a record scale, it will provide a new pricing benchmark for subsequent AI, cloud computing, deep tech, and commercial aerospace companies. However, high valuations also amplify market volatility risks. SpaceX currently lacks a fully comparable publicly listed company, and investors must make judgments based on short-term financial performance, long-term technology roadmaps, and Elon Musk's personal influence. The success of this IPO will not only affect SpaceX's own financing but also influence the valuation expectations for global commercial aerospace companies entering the public market.
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