SpaceX has secured $75bn (£56bn) from financial institutions ahead of its stock market debut on Friday, setting the stage for what is expected to be the largest public listing in history.
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In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence company said it sold shares at $135 each, raising the planned amount from investors before trading begins.
Valuation Approaches $1.8tn
The share price matches the valuation estimate SpaceX outlined last week and implies an initial market value of nearly $1.8tn.
That figure would place the company among the world's most valuable publicly traded businesses from the moment its shares begin changing hands.
The valuation would also further boost the wealth of chief executive Elon Musk, who is already regarded as the world's richest person. At the proposed valuation, Musk is expected to become the first person with a net worth exceeding $1tn.
Trading Could Shift Valuation
While the offering price has been set at $135 per share, the company's market value will ultimately depend on investor demand once trading starts.
Share prices can rise or fall after a listing begins, depending on how many shares are available and how strongly investors seek to buy them.
If SpaceX shares open at or above the offering price, the company will immediately rank among the largest firms listed on public markets.
Investors will ultimately determine whether the valuation is justified through trading activity on the open market.
Strong Investor Interest
Demand for SpaceX shares is expected to be significant among both institutional investors and retail traders seeking exposure to one of the world's most closely watched technology companies.
Several analysts have already suggested the stock could trade above the offering price. On Thursday, brokerage firm Oppenheimer said it expected SpaceX shares to reach $190.
The final market price will be established through trading after the company's debut on the technology-focused Nasdaq Composite.
Test Case for Other AI Giants
The listing is being closely watched across the technology sector, with some investors viewing it as a benchmark for other privately held companies approaching trillion-dollar valuations.
Among those are Anthropic and OpenAI, both of which have recently indicated they are preparing for public offerings, potentially later this year.
The outcome of SpaceX's market debut could provide an important indication of investor appetite for large-scale technology and AI companies seeking to transition from private ownership to public markets.
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Adapted by ASEAN Now. Source 12 June 2026