SpaceX Taps Goldman to Lead Record IPO Targeting $1.75 Trillion Valuation
SpaceX combines rocket launches, the Starlink satellite network and space transportation, making it one of the world’s most prominent privately held technology companies. An IPO raising $75 billion at a $1.75 trillion valuation would set a global record. However, the prospect of the loss-making company going public, with Elon Musk controlling about 85% of the voting rights, has also raised concerns about governance and its path to profitability.
As of July 19, 2026, SpaceX had selected Goldman Sachs as lead underwriter, with Morgan Stanley, Bank of America, Citi and JPMorgan joining the underwriting syndicate. Reports indicated an IPO price of $135 a share and an opening-price indication of $175, implying a valuation of about $1.77 trillion. The market was also weighing tens of billions of dollars in potential passive buying, selling pressure from employee lockup expirations and trading in prediction contracts on crypto platforms.
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The history behind this eventBlackRock Weighs Investing Up to $10 Billion in SpaceX’s Potential Record IPO
SpaceX, Elon Musk’s space transportation and satellite-network company, would surpass Saudi Aramco to stage the largest IPO on record if it raises $75 billion. BlackRock, the world’s largest asset manager, plans to participate through actively managed funds, signaling that major institutions see long-term growth potential in the company.
SpaceX is expected to list on Nasdaq under the ticker SPCX on June 12 and is reportedly seeking to raise $75 billion at $135 a share. Final pricing is expected to be announced early Friday. Orders have reached $250 billion. BlackRock is discussing an investment of $5 billion to $10 billion, while Fubon Life plans to cap its subscription at $600 million.
SpaceX Launches IPO Roadshow as JPMorgan's Jamie Dimon Personally Courts Wealthy Clients
Founded by Elon Musk, SpaceX's core businesses span rocket launches and the Starlink satellite network. An IPO completed at a valuation of nearly $1.8 trillion would rank among the world's largest listings. JPMorgan CEO Jamie Dimon's personal pitch also signals a gradual thaw in the bank's previously strained relationship with Musk and could provide an important benchmark for fundraising by major technology companies.
On June 4, 2026, Dimon hosted a presentation at JPMorgan's New York headquarters, linking about 90 locations across 26 U.S. states and reaching more than 2,500 high-net-worth clients. SpaceX was seeking to raise about $75 billion at a target valuation of roughly $1.75 trillion to $1.8 trillion and planned to list on Nasdaq on June 12.
SpaceX Valuation Could Reach $2 Trillion as Market Weighs AI Infrastructure Role and IPO Strategies
SpaceX spans satellite communications, rocket launches and space transportation, while its Starlink business is increasingly viewed by the market as infrastructure capable of supporting AI data transmission and computing services. If SpaceX goes public at a $2 trillion valuation, the rationale behind its pricing would extend beyond aerospace manufacturing to AI infrastructure, influencing valuations across the global space-technology sector.
As of July 20, 2026, the market expected SpaceX's pre-IPO valuation could reach $2 trillion, about five times its level a year earlier. Reports outlined six ways to gain exposure before the listing, including indirect exposure through Tesla, the NASA ETF and Bitget IPO Prime, comparing the purity of their SpaceX exposure, trading fees, liquidity and the risks of private equity holdings.
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