SpaceX fixed – SpaceX plans to launch its initial public offering at a fixed $135 per share, aiming to raise $75 billion by selling 555.6 million shares. The company’s unconventional move arrives more than a week ahead of expected trading and comes as it negotiates tightly w
On a week that many IPOs spend building excitement with price ranges, SpaceX is doing something rarer: it is reportedly preparing to sell shares at a fixed $135 apiece—more than a week before trading is expected to begin.
The plan, described by people familiar with the matter, would raise about $75 billion in the initial public offering. SpaceX is aiming to sell 555.6 million shares at that price. Deliberations are still under way. and the terms could still change before they are disclosed as soon as Wednesday. or even during the marketing process.
This approach places SpaceX outside the usual U.S. playbook. Most U.S. companies typically announce a price range before marketing shares during investor presentations. Fixed pricing is more common in Europe and Asia, where some deals have used a clearer number for investors earlier.
The stakes are unusually high for a company that is already at the center of global attention. SpaceX’s IPO is set to be among the biggest listings ever, and the company is targeting a valuation of at least $1.8 trillion in the offering.
Whether investors will accept that price is the question analysts and bankers are weighing in real time. Fabien Yip. a market analyst at IG International. said: “From a valuation perspective. it’s definitely not cheap.” He added that investors are buying into hopes of the company’s exponential growth in the future because it is not yet profitable.
SpaceX is not the only major tech company racing toward the market. AI rivals OpenAI and Anthropic PBC are looking to push ahead with their own listings, while Alphabet Inc. announced plans for a record $80 billion equity offering on Monday.
For SpaceX, the number it is seeking would also push it further away from the last benchmark-shattering IPO. The deal would more than double the $29.4 billion record for the largest ever IPO set by Saudi Aramco in 2019.
Timing is the next battleground. SpaceX is expected to start formal marketing on June 4 and price as early as June 11, though the timetable could still slip by a matter of days.
Under that schedule, the company is also working on a separate front: the cost of getting the deal done. The fundraising comes as SpaceX negotiates to pay razor-thin fees to Wall Street firms, though banks are still likely to rake in about $500 million.
In the background, another negotiating table has formed—one closer to home. More than 1. 000 current and former SpaceX employees have joined forces to negotiate better pricing and access to sophisticated tax-saving financial products ahead of the IPO. which is poised to turn many of them into multimillionaires. A May document reviewed by Bloomberg says the group considered more than 20 financial advisers and private banks.
The document said they were “leveraging collective power” to secure significantly lower fees for financial advice, paying less than 0.5% on all assets under management rather than the traditional 1% fee.
If the share sale goes forward as planned, the company would be taking its next step toward life on public markets with a tightly defined debut. SpaceX, known formally as Space Exploration Technologies Corp., expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCX.
Leading banks are also part of the story’s machinery. Goldman Sachs Group Inc., Morgan Stanley, Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. are leading the SpaceX IPO along with 18 other banks.
And for the market. the deal’s fixed $135 starting point may end up mattering as much as the size of the raise. Vey-Sern Ling. managing director at Union Bancaire Privee. said: “It may be a stretch to achieve the valuation they want even with very generous multiples.” He added that the current environment is supportive of tech-related offerings and that the market has often given Elon Musk the benefit of the doubt.
SpaceX has not publicly confirmed the details of the pricing plan. A representative for SpaceX did not respond to a request for comment.
SpaceX IPO initial public offering $75 billion $135 per share 555.6 million shares valuation Nasdaq SPCX Wall Street fees employee advisory negotiations