SpaceX aims to make its stock market debut at $1.77 trillion value

MarketsSpaceX aims to make its stock market debut at $1.77 trillion valueElon Musk’s space company said in a securities filing that it hopes to sell over 555 million shares at its debut for $135 each.Listen to this article with a free account00:0000:00Add NBC News to GoogleSpaceX files for IPO in move that could make Elon Musk the world's first trillionaire02:03Get more newsLiveonShareAdd NBC News to GoogleJune 3, 2026, 5:47 PM EDTBy Steve KopackElon Musk’s SpaceX announced Wednesday that it intends to make its stock market debut next week at a $1.77 trillion valuation.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.The highly-anticipated initial public offering is expected to be the largest ever and will raise $75 billion in fresh cash for the company. SpaceX said in an SEC filing that it hopes to sell more than 555 million shares at $135 each.Musk is the chief executive officer, chief technical officer and chairman of the company, After the IPO he “will hold approximately 82.4% of the voting power of our common stock,” SpaceX said in the filing. If that $135 share price holds up through the company’s debut on the Nasdaq, likely in about a week, it could make Musk the world’s first trillionaire. The final price at which SpaceX’s shares will begin trading has not yet been set yet, however.The company plans to use the funds raised through the offering to invest in its many businesses. In recent months, SpaceX expanded into a number of non-space industries when it acquired Musk’s xAI artificial intelligence company, which also owns the social media network X.SpaceX will also instantly become one of the largest public companies in the world when it begins trading. At the $1.77 trillion value, it would rank it as the seventh-largest publicly traded company in the world.SpaceX will also be Musk’s second trillion-dollar public company. His first, Tesla, was worth $1.6 trillion at the close of trading on Wednesday.Th...