SpaceX IPO Targets $1.77 Trillion Valuation

One justification for the trillion-dollar valuation is the new industries that will merge, the company said in its SEC filing.

Elon Musk attends the finals for the NCAA wrestling championship in Philadelphia on March 22, 2025. AP Photo/Matt Rourke

SpaceX is planning to debut on the Nasdaq next week with a valuation of $1.77 trillion.

Elon Musk’s firm could become the seventh-largest company in the United States by market cap—bigger than Tesla Motors—on June 12 as it plans to market its initial public offering (IPO) at a fixed price of $135 per share, according to a June 3 filing with the Securities and Exchange Commission (SEC).