Less than three months after reports and speculation swirled on the possibility of SpaceX filing for a June IPO, the company has accelerated its plans with concrete terms that make this one of the most anticipated and controversial public debuts in history.

According to an exclusive Reuters report citing unnamed sources familiar with the matter, SpaceX is targeting a fixed offering price of $135 a share and aims to raise a record $75 billion by selling about 555.6 million new shares in an all-primary offering. This price implies a $1.75 trillion valuation and sets the stage for a Nasdaq listing under the ticker SPCX as early as June 12, 2026, preceded by an imminent investor roadshow.

The March speculation has now become reality: SpaceX confidentially filed with the SEC on April 1, made its S-1 public on May 20, and is moving at warp speed. The company earmarks the proceeds for an “insane flight rate” of Starship, expansion of Starlink, and orbital AI data centers and related infrastructure. Elon Musk has a 366-day lockup on his shares, per Reuters.

Houston, We Have A Valuation Problem

SpaceX’s S-1 filing is bold to the point of audacity, darting from company overview to sci-fi novel. The company claims a quantifiable total addressable market of $28.5 trillion, the largest in history, per the filing — with roughly $26.5 trillion (93%) coming from AI opportunities, including orbital data centers powered by continuous solar energy and natural vacuum cooling.

SpaceX positions itself as........

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