SpaceX, the aerospace and satellite communications company led by US tech billionaire Elon Musk, is planning to raise approximately $75 billion through what would be a record-breaking initial public offering (IPO), according to a regulatory filing released Wednesday.

The company intends to offer 555,555,555 shares at an initial price of $135 per share. Based on roughly 13 billion shares outstanding, the offering would value the company at approximately $1.765 trillion.

If completed, the IPO would surpass the current fundraising record set by Saudi oil producer Aramco, which raised $25.6 billion during its 2019 public debut. Analysts also note that the listing could make Musk — already the world's wealthiest individual — the first person in history to become a trillionaire.

The decision by SpaceX to publicly set a share price a week ahead of the IPO has few precedents on Wall Street, upending the longstanding market price-discovery apparatus and underscoring Musk's determination to raise record sums in novel ways.

"Nothing this IPO is normal in any course or sense," one investor, who is planning on buying into the offering, told Reuters. "But then again, this is the largest IPO in history so maybe that is not surprising."

SpaceX's revenues rose 33% to $18.67 billion in 2025 – although the company still posted a net loss of $4.94 billion.

Founded in 2002, SpaceX pioneered new advances in private spaceflight. In 2012, it became the first private company to successfully dock a spacecraft with the International Space Station (ISS). In 2020, SpaceX achieved another historic first by becoming the first private company to carry astronauts to the ISS.

In February, SpaceX took over Musk's artificial intelligence firm, xAI. Analysts anticipate further consolidation of Musk's business ventures in 2027, predicting that SpaceX could merge with his electric vehicle company, Tesla.

Source: www.dw.com