SpaceX IPO: Everything you need to know
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SpaceX has priced its IPO at $135 per share, selling 555.6 million shares to raise $75 billion — making it the largest IPO in history. At this valuation, Elon Musk is positioned to become the world's first trillionaire. Musk retains about 85.1% of voting power, giving him monarchical control over the public company. The S-1 reveals SpaceX lost $4.9 billion on $18 billion in revenue in 2025, with cumulative losses exceeding $37 billion since inception. Around 4,400 employees stand to become millionaires. Pre-IPO deals include compute agreements with Anthropic ($1.25B/month) and Google ($920M/month) through SpaceX's xAI division. The company also warned investors of potential future dilution, fueling Tesla merger speculation.
