tech
SpaceX plans biggest stock market debut ever
Updated on: June 4, 2026 / 7:01 AM EDT / CBS/AP
TL;DR
- SpaceX plans to raise up to $75 billion in its IPO, potentially becoming the largest stock market debut ever.
- The offering of 555,555,555 shares at $135 apiece would give SpaceX a market value of $1.77 trillion.
- Elon Musk's voting power in the company would be 82.4% through his ownership of Class B shares.
- SpaceX reported a loss of $2.6 billion last year on $18.7 billion in revenue.
- Proceeds will fund expansion of AI and rocket infrastructure and boost Starlink Mobile satellite constellation.
- The company details ambitious plans, including establishing a permanent human colony on Mars.
- SpaceX sees potential AI revenue of up to $26.5 trillion, dependent on putting data centers in space.
- Anthropic has also submitted a confidential filing for its own IPO, and an OpenAI IPO is widely expected.