Elon Musk’s SpaceX is preparing for its first-ever public share sale, marking a major milestone for the Texas-based company as it moves from private ownership to trading on the Nasdaq stock market.
The Initial Public Offering (IPO) will allow millions of new shares to be traded publicly for the first time on Friday, making SpaceX one of the largest companies to debut on the US stock market. The listing is expected to raise at least $75 billion and could value the company at around $1.75 trillion.
Under the arrangement, both institutional and retail investors will be able to purchase shares, although allocation will depend on demand. Investment funds, pension managers, and large asset firms are expected to take significant positions, while individual investors may also gain access through brokerage platforms that support US listings.
SpaceX, which operates in space exploration, satellite communications, and artificial intelligence-related ventures, remains separate from Tesla, Musk’s electric vehicle company. However, reports suggest a possible future merger between the two firms.
The company has outlined ambitious long-term goals, including asteroid mining, Mars colonisation, and the development of orbital AI data centres. Its IPO prospectus argues that humanity must prepare for a multi-planet future, though analysts have expressed scepticism about the feasibility and cost of these plans.
Despite strong revenue growth of $18.6 billion last year, SpaceX reported a net loss of $4.9 billion. The prospectus also acknowledges that the company has a history of losses and may not achieve profitability in the future.
Analysts note that while investor interest is strong, the valuation depends heavily on expectations of future growth and Elon Musk’s ability to deliver on his long-term vision.
Following the listing, Musk is expected to retain more than 80% of voting power, giving him continued control over the company’s decisions and strategic direction.
The IPO is being viewed as one of the most significant stock market debuts in recent years, alongside other high-profile artificial intelligence-related listings expected in the coming months.
