Elon Musk’s SpaceX plans to raise $75 billion in an IPO, valuing the company at about $1.77 trillion, potentially making it one of the most valuable US firms. The offering would be the largest ever, driven by its AI push after merging with xAI, even as the business posts heavy losses.

Elon Musk's SpaceX is preparing for a market debut that would rewrite the record books. The company has unveiled plans to raise $75 billion in an initial public offering, valuing the company at roughly $1.77 trillion, a number that would make it one of the most valuable publicly listed companies in the US almost immediately upon listing.

According to Bloomberg, SpaceX filed an updated prospectus with the Securities and Exchange Commission, setting the price and share count for the offering, details that were not included in the original S-1 registration statement filed on May 20.

SpaceX share price and scale

SpaceX will sell 555,555,555 shares of its Class A stock at $135 per share, raising $75 billion before expenses. Underwriters will also have the option to purchase an additional 83.3 million shares at the same price for up to 30 days after the IPO, potentially generating an additional $11.25 billion.