SpaceX IPO: $135 Price, $1.77T Valuation

What is SpaceX's IPO price and valuation?

SpaceX set a fixed IPO price of $135 per share, targeting a valuation of $1.77 trillion and a $75 billion fundraise from 555.6 million shares, according to CNBC's IPO filing report. Underwriters also hold an option to buy an additional 83.33 million shares at the IPO price, which would add another $11.2 billion.

The $1.77 trillion valuation would make SpaceX the seventh-biggest company in the United States — above Tesla, which carries a market cap of about $1.6 trillion.

When and where does SpaceX go public?

SpaceX plans to debut on the Nasdaq on June 12, 2026, trading under the ticker SPCX. The offering is structured at a fixed price rather than the typical price range used to gauge investor demand — an unusual approach for a public listing.

Goldman Sachs is the lead banker on the deal, followed by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.

Elon Musk will retain over 82% voting control after the offering closes.

How many SpaceX employees will become millionaires?

More than 4,400 current and former SpaceX employees are expected to become millionaires through the IPO, according to an analysis by San Francisco-based investment platform Hill.com, as reported by Newsmax. About 400 employees are expected to hold stakes worth at least $100 million.

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SpaceX employs about 22,000 people, with thousands more having worked there over the years.

"You're usually only going to see the founders become billionaires," said Hill.com founder and CEO Andrew Benson. "It's uncommon to have 400 people at that threshold. It speaks to the enormous wealth that's being created here."

Who are some of the employees set to benefit?

Trevor Hise, a former SpaceX launch engineer who joined in 2011, owns more than 100,000 SpaceX shares earned during his 12-year tenure. At $135 per share, his stake could be worth at least $13.5 million. Hise, now 37 and semiretired, grew up in Cocoa, Florida, where his father worked as a plumber at Kennedy Space Center.

"The magnitude of this has been ridiculous," Hise said, per the Times.

Former SpaceX engineer Gavin Petit joined in 2012, earning several thousand shares alongside an $80,000 salary, with each share valued at $13.80 at the time. He chose to take bonuses in stock rather than cash. He still owns more than 50,000 shares and has not decided whether to sell after the IPO.

"The offering is the Coca-Cola or Google IPO of my time," Petit said. "I got so lucky I got hooked into it."

Did SpaceX's equity reach blue-collar workers too?

Yes. Juan Hernandez, a welder who immigrated from Mexico, received a $10,000 equity grant in 2015 when he joined SpaceX as a contractor earning $28 an hour. He later moved to a full-time role, vested his stock over five years, and bought additional shares through payroll deductions. His remaining stake is now worth roughly $880,000 ahead of the IPO, according to BeInCrypto's coverage. He sold part of his position in 2020 to buy Texas property and now works at rival Blue Origin.

"It's put me in a comfortable position for life," Hernandez said.

Justin Lopas, co-founder and COO of Base Power and a former SpaceX employee, posted on X that most of the company's welders and technicians will make six or seven figures from the offering.

What risks do new IPO buyers face?

Insiders remain subject to lock-up periods after listing. Joshua Roberts, capital-markets correspondent at The Economist, warned that new listings often disappoint retail buyers.

"IPOs tend to be a bad investment for ordinary investors. There's a lot of hype around them… In general, IPOs tend to underperform the rest of the market over time," Roberts said.

Research by University of Florida professor Jay Ritter shows IPO firms tend to trail the broader market over the three years after listing. Roberts also noted that SpaceX's $1.77 trillion valuation equals roughly 90 times annual sales.

S&P 500 exclusion rules currently keep SpaceX out of that index. Index providers do plan to fast-track the stock into some benchmarks, in certain cases within five days of listing.

SpaceX's Nasdaq debut is scheduled for June 12, 2026.