SpaceX Targets $1.75 Trillion Valuation in Record $75 Billion IPO

SpaceX plans to raise at least $75 billion in its initial public offering, targeting a $1.75 trillion valuation including the greenshoe option, people familiar with the matter told Reuters on June 2, 2026. The valuation target emerged after early investor meetings known as "testing the waters." A roadshow is set to start June 4, though the plans could change as investor gatherings proceed, the sources cautioned. The all-primary share sale would send all proceeds directly to Elon Musk’s rocket and satellite company, not existing holders. The IPO opens public access to Musk’s space, satellite communications and artificial intelligence vision, with SpaceX described as the crown jewel of his empire. The company did not comment.