SpaceX seeks $75B from investors ahead of blockbuster IPO

The Elon Musk-led space company is preparing the largest initial public offering in history, with a $1.77 trillion implied valuation and a surprise: 18,712 Bitcoin on its balance sheet.

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Add us on Google by Editorial Team Jun. 4, 2026

SpaceX is about to make every previous IPO look quaint. The company filed to raise $75 billion by offering 555.6 million shares at $135 each, a deal that would value the rocket and satellite giant at roughly $1.77 trillion once the dust settles.

For context, Saudi Aramco’s 2019 IPO raised $25.6 billion and held the record for years. SpaceX is looking to nearly triple that figure. Pricing is targeted for June 11, with shares expected to begin trading on Nasdaq under the ticker SPCX the following day.

The biggest IPO ever, by a wide margin

Goldman Sachs is leading the underwriting effort as left lead, with other major Wall Street banks lining up behind it. The offering is fully primary, meaning SpaceX itself receives all the proceeds rather than existing shareholders cashing out.

According to the filing, SpaceX plans to pour proceeds into AI development, expansion of its Starlink satellite internet constellation, increased launch capacity, and general corporate purposes.

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The path to this moment started with a confidential filing submitted in April 2026, followed by a public filing on May 20.

CEO Elon Musk retains significant control over SpaceX through a dual-class share structure. This is the same governance playbook used by Meta, Alphabet, and Snap. Public shareholders get economic exposure; Musk keeps the steering wheel.

The Bitcoin angle Wall Street didn’t see coming

Buried in the IPO filing is a detail that crypto markets will find far more interesting than rocket specs: SpaceX holds 18,712 BTC on its balance sheet, valued at approximately $1.29 billion as of March 31, 2026.

That figure places SpaceX among the largest corporate Bitcoin holders in the world. The company hasn’t announced any crypto-native projects, token launches, or blockchain integrations. This is purely a treasury allocation story.

When Tesla disclosed its Bitcoin purchase back in early 2021, it triggered a wave of corporate curiosity about digital assets. SpaceX going public with a $1.29 billion Bitcoin position, right as institutional eyes are glued to its IPO prospectus, could reignite that same conversation at the boardroom level.

What this means for investors

A $1.77 trillion valuation at IPO would make SpaceX one of the most valuable companies on the planet from day one of trading. The fully primary structure means every dollar from this $75 billion raise is theoretically going back into the business.

The dual-class share structure is a genuine governance risk. Musk already runs Tesla, leads xAI, and owns X (formerly Twitter). Concentrated control in a public company means minority shareholders have limited recourse if strategic decisions go sideways.

For crypto-focused investors, the Bitcoin holdings create an indirect exposure play. Buying SPCX shares would give investors a portfolio that includes rockets, satellites, AI ambitions, and 18,712 BTC.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.