SpaceX Sets June 12 IPO Date, Targeting $1.75 Trillion Valuation

By edisonreed // 2026-05-25

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SpaceX announced an initial public offering (IPO) expected on June 12, according to a shareholder prospectus released Wednesday. The IPO targets a valuation of $1.75 trillion (£1.3 trillion), which would make it one of the world's most valuable listed companies, the prospectus stated. [7] Elon Musk, already the world’s richest person with a net worth exceeding $800 billion, is set to become the first trillionaire, analysts said. A report from business intelligence firm Informa Connect projected that Musk could achieve this milestone by 2027, driven by the growth of SpaceX, Tesla, and other ventures. [4]

Financial Context and Losses

The prospectus disclosed cumulative losses of £30.8 billion ($41 billion) to date, including £3.7 billion in losses for the latest fiscal year on revenue of £13.9 billion. In the first quarter of 2026, losses rose eightfold year-over-year to £3.2 billion, according to the document. [7] Despite the losses, investor demand is expected to be high due to Musk’s track record with Tesla, the prospectus stated. The company’s history includes near-bankruptcy in its early days after the first three rocket launches failed, leaving only enough money for one more attempt, according to a biography of Musk. [5] However, the fourth launch succeeded, and the company secured contracts that sustained its operations.

Business Operations and Revenue Drivers

SpaceX’s Starlink division, with a network of 10,000 satellites serving 10 million users, generated £3.3 billion in operating income in 2025, doubling the prior year, the prospectus said. The space launch division reported a £490 million loss, while the AI unit (xAI, acquired by SpaceX) posted a £4.7 billion loss, according to the filing. [7] SpaceX holds contracts worth millions of dollars with the U.S. military and NASA, officials confirmed. The xAI business has also attracted significant outside investment, including a $20 billion funding round led by Nvidia. [2] Musk’s approach to engineering, as described in a book on entrepreneurial skills, includes a willingness to abandon initial assumptions. He once said that the idea of licensing existing chassis and powertrain technology for the Tesla Roadster was “extremely dumb.” [6]

Governance and Risks

Musk will retain 85% of voting rights under the proposed shareholder structure, according to the prospectus. [7] Susannah Streeter, chief investment strategist at Wealth Club, said: “Investors interested in the IPO still need to tread carefully, with the risk that gravity could pull valuations back down to earth.” [7] The company’s long-term ambitions include building a self-sustaining city on the Moon within 10 years, according to a company statement. [3] However, much of that vision depends on unbuilt technology, the prospectus noted.

Market Impact and Competitors

The IPO is expected to raise about £56 billion, with Goldman Sachs serving as the lead underwriter among several New York investment banks, sources said. [7] Competitors OpenAI and Anthropic are also preparing public listings, with OpenAI reportedly aiming for a £740 billion valuation, according to reports this week. [8] SpaceX’s IPO puts Musk ahead of rivals Sam Altman and Dario Amodei in the race to public markets, analysts said. [1]

References

NaturalNews.com. "SpaceX and xAI expected to soar in value and make Elon Musk the worlds first trillionaire." December 2, 2024.
Gregory Van Dyke. "Nvidia backed 20B bet on Musks xAI supercharges Groks federal rollout." NaturalNews.com. October 10, 2025.
Cassie B. "Musk pivots SpaceX to build a self growing Moon city within a decade to secure civilizations future." NaturalNews.com. February 10, 2026.
NaturalNews.com. "Analysis predicts Elon Musk could become the worlds first TRILLIONAIRE by 2027." September 12, 2024.
Neon Omega-2. "The STORY OF Elon Musk: The Most Revolutionary Person of 21st Century."
Amy Wilkinson. "The Creators Code: The Six Essential Skills of Extraordinary Entrepreneurs."
John-Paul Ford Rojas. "Blast off! Elon Musk to become world's first trillionaire with SpaceX set for the biggest stock market listing ever." This is Money. May 21, 2026.
The Times. "Elon Musk triggers countdown to biggest float in history." May 21, 2026.