# SpaceXTargets1.75TrillionIPO

On June 3, SpaceX accelerated toward the largest IPO in history, targeting a valuation of 1.75 to 1.8 trillion US dollars, with plans to raise up to 75 billion US dollars. The company plans to sell less than 5 percent of its shares, pushing underwriting fees below 0.75 percent, far lower than the typical 4 to 7 percent range. Trading under the ticker "SPCX", the stock is expected to begin trading on Nasdaq on June 12. The IPO will be a primary-only offering, with all proceeds going to the company. Following the merger with xAI, SpaceX's valuation jumped from 1.25 trillion US dollars to current levels. The company reported 2025 revenue of 18.7 billion US dollars but a net loss of 4.94 billion US dollars. Musk's vision of "space-based AI data centers" is the core narrative supporting the sky-high valuation. Nasdaq has already changed its rules to allow SpaceX to join the Nasdaq 100 just 15 days after listing, with passive funds expected to generate nearly 20 billion US dollars in buying pressure. Retail investors may receive up to 30 percent of the offering. With OpenAI and Anthropic also preparing to go public, the success of SpaceX's IPO will serve as a key barometer for the tech industry.