SpaceX is rocketing toward its long-anticipated initial public offering (IPO), officially filing plans with the U.S. Securities and Exchange Commission (SEC) this week. A dedicated IPO website is now live at https://spacexipo.com/, and SpaceX has released its full roadshow presentation intended for investor pitches beginning Thursday, June 4.
Here is @SpaceX's full IPO roadshow presentation from CFO Bret Johnson, who has been CFO at the company for the last 15 years.
— Sawyer Merritt (@SawyerMerritt) June 4, 2026
It's worth watching. pic.twitter.com/FtkW0bXOA4
This historic filing has been a while in the making, with SpaceX submitting its initial Form S-1 prospectus to regulators late last month. If the current valuation target holds, SpaceX will easily eclipse Tesla’s current market capitalization of about $1.3 trillion, putting the two on a competitive footing for their much-speculated-about merger down the line.
Key IPO Dates and Financial Structure
According to the official IPO website and accompanying regulatory filings, SpaceX is planning a massive public launch structure. With the investor roadshow kicking off on Thursday, the final IPO share price will be set on June 11, and public trading is expected to commence the very next day on June 12. However, these dates are subject to change.
The financial scale of the offering is unprecedented, potentially surpassing Saudi Aramco’s $1.7 trillion market debut in 2019 to become the largest IPO in history. SpaceX is looking to raise approximately $74.4 billion by selling 555.55 million shares of Class A common stock, targeting a listing price of $135 per share. This would result in a total public valuation of about $1.75 trillion.
The public float will sit at a tight 4.25% of shares at the initial listing. However, if early institutional and retail demand proves strong, underwriters maintain an overallotment option to purchase additional shares. Exercising this option in full would inject an additional $11.25 billion into the transaction, bringing the total net funding round up to $85.7 billion.
How Retail Investors Can Participate
SpaceX is emphasizing retail investor participation for this listing. The Class A common stock will be listed on the Nasdaq exchange under the ticker symbol SPCX.
To purchase shares on listing day, individuals must hold an active brokerage account with a participating brokerage firm or digital investing app. Leading retail platforms confirmed for day-one retail share allocation include Fidelity, Charles Schwab, Robinhood, and SoFi. As confirmed by longtime Tesla and SpaceX watcher @SawyerMerritt, SoFi users can already submit their indication of interest for shares through their brokerage accounts.
Your brokerage firm or investing platform will verify your final eligibility status when you submit an indication of interest and allocation request. The final per-share price will be locked in on June 11 based on market conditions. If your request is successful, your brokerage account will confirm your official share allocation on the morning of June 12 as public trading opens.
Short-Term Targets and Long-Term Orbital Ambitions
SpaceX’s promotional materials and financial roadshow detail a clear path for near-term revenue generation alongside long-term commercial goals (nearing science fiction in some cases, but that’s what we’ve come to expect from SpaceX). Over the next few years, the business aims to scale its physical infrastructure across space, connectivity, and artificial intelligence.
In the immediate term, the focus centers on building AI infrastructure — both on the ground and in space, bringing Starship commercially online, and upgrading Starlink connectivity. Following the first successful flight test of its Starship V3 prototype last month, SpaceX plans to begin commercial Starship payload deliveries to orbit later this year. This launch capacity will directly support the deployment of next-generation Starlink satellites. These updated satellites are designed to grow network capacity by a whopping 20x compared to the current V2 design and finally unlock gigabit speeds on Starlink’s orbital broadband service.
Beyond satellite broadband, SpaceX is betting heavily on space-based AI compute clusters. Having recently acquired Elon Musk's xAI startup to integrate it into a dedicated internal division, the company is planning a massive deployment of custom AI compute satellites beginning in 2028. These platforms will utilize direct solar energy and advanced radiative cooling architectures in orbit, overcoming earthly energy constraints and environmental hurdles to run massive AI workloads directly in space.
Until its orbital AI data centers come online, SpaceX is developing vast amounts of compute on the ground and collecting the human resources needed to remain at the forefront of the sector. It currently has an agreement in place to buy out AI coding startup Cursor, and as the company’s own AI efforts ramp up, it is also generating billions in revenue by renting out compute power to companies like Anthropic. SpaceX’s orbital compute infrastructure might even tie back to Elon Musk's upcoming TERAFAB AI chip manufacturing project, which both SpaceX and Tesla are part of.
Looking even further into the future, SpaceX’s roadshow slide deck highlights some lofty deep-space commercial initiatives. These include point-to-point suborbital Starship flights on Earth to enable rapid international travel, mining resource-rich asteroids, and, of course, colonizing Mars.
