{"id":2610412,"date":"2026-06-03T21:52:01","date_gmt":"2026-06-04T01:52:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/spacex-sets-175-billion-ipo-target-as-musk-on-track-to-become-first-trillionaire\/"},"modified":"2026-06-03T21:55:11","modified_gmt":"2026-06-04T01:55:11","slug":"spacex-sets-175-billion-ipo-target-as-musk-on-track-to-become-first-trillionaire","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/spacex-sets-175-billion-ipo-target-as-musk-on-track-to-become-first-trillionaire\/","title":{"rendered":"SpaceX sets $175 billion IPO target as Musk on track to become first trillionaire"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fspacex-sets-175-billion-ipo-target-as-musk-on-track-to-become-first-trillionaire%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2610412&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SpaceX announced plans for what would be the largest IPO in history, aiming to raise about $75 billion and value the company at roughly $1.77 trillion. The company would sell 555.6 million shares at an expected $135 per share-exceeding the 2019 Saudi Aramco record and placing SpaceX among the most <a href=\"https:\/\/amzn.to\/3YuVZYV\" >valuable publicly traded firms<\/a>.<\/p>\n<p>The IPO is also expected to strengthen Elon Musk\u2019s control: SpaceX plans to keep a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-wants-25-voting-control-at-tesla-before-fulfilling-ai-goal\/\" title=\"Musk aims for 25% voting power at Tesla prior to achieving AI objective\">dual-class share structure<\/a>,with Musk retaining about 82.4% of the voting power, effectively allowing him to heavily influence shareholder votes and board elections. At the proposed valuation, the listing could substantially increase Musk\u2019s already <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cardi-b-mariah-carey-complain-of-racial-discrimination-pay-disparity\/\" title=\"Cardi B, Mariah Carey Complain Of Racial Discrimination, Pay Disparity\">estimated net worth<\/a>, depending on the value of his SpaceX stake.<\/p>\n<p>Despite losing money-reporting a $2.6 billion operating loss in 2025-SpaceX is betting investor demand will be driven by its dominance in commercial launches and rapid growth in the Starlink satellite internet business.The filing names Goldman Sachs as lead underwriter, along with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/spacex\/\" type=\"post_tag\" id=\"3290\">SpaceX<\/a> is preparing for the largest <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/stock-market\/\" type=\"post_tag\" id=\"3745\">stock market<\/a> debut in history, announcing Wednesday that it planned to raise approximately $75 billion in an initial public offering that would value the company at roughly $1.77 trillion.<\/p>\n<p class=\"wp-block-paragraph\">The space and satellite giant plans to sell 555.6 million shares at an expected price of $135 per share, according to a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1181412\/000162828026040364\/spaceexplorationtechnologib.htm\">filing<\/a> with the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/securities-and-exchange-commission\/\" type=\"post_tag\" id=\"17687\">Securities and Exchange Commission<\/a>. If completed as planned, the offering would eclipse the record-setting $26 billion IPO of Saudi Aramco in 2019 and instantly rank among the largest public offerings ever.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4593805\/amazon-walmart-fortune-500-list\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Amazon beats out Walmart for No. 1 company on Fortune 500<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4583211\/fox-business-rewards-top-small-businesses-america-250\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Main Street wins: Fox Business rewards top small businesses for America\u2019s 250th<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4589581\/ai-giant-anthropic-files-go-public\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>AI giant Anthropic files to go public<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">The offering will also further cement founder <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/elon-musk\/\" type=\"post_tag\" id=\"1412\">Elon Musk\u2019s<\/a> control over the company. According to the filing, SpaceX will maintain a dual-class share structure, and following the IPO, he is expected to control about 82.4% of the company\u2019s voting power.<\/p>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">The IPO would place SpaceX among the most valuable publicly traded companies in the world. At a projected market capitalization of $1.77 trillion, only a handful of companies in the S&#038;P 500 command higher valuations, led by Nvidia at roughly $5.2 trillion.<\/p>\n<p class=\"wp-block-paragraph\">The public offering could also significantly boost Musk\u2019s already record-setting fortune. <em><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.forbes.com\/profile\/elon-musk\/\" type=\"link\" id=\"https:\/\/www.forbes.com\/profile\/elon-musk\/\">Forbes<\/a> <\/em>estimates his net worth at about $826 billion, including a SpaceX stake valued at roughly $542 billion. A successful IPO at the proposed valuation would likely increase the value of that holding substantially, boosting his net worth into the trillions.<\/p>\n<p class=\"wp-block-paragraph\">That level of ownership will allow Musk to effectively determine the outcome of shareholder votes, including the election of most SpaceX board members. The filing notes that SpaceX will qualify as a \u201ccontrolled company\u201d under Nasdaq corporate governance rules and that it intends to rely on exemptions from certain governance requirements available to firms dominated by a single shareholder.<\/p>\n<p class=\"wp-block-paragraph\">The company reported a $2.6 billion operating loss in 2025 on $18.7 billion in revenue, according to the filing. Losses have continued into 2026 as SpaceX pours billions into developing its Starship rocket program, satellite infrastructure, and other long-term projects.<\/p>\n<p class=\"wp-block-paragraph\">Investors are nevertheless betting that the company can capitalize on its dominant position in commercial launches and the rapid growth of its Starlink satellite internet business. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/goldman-sachs\/\" type=\"post_tag\" id=\"1050\">Goldman Sachs<\/a> is leading the offering, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase serving as additional underwriters.<\/p>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/entertainment\/4592447\/60-minutes-scott-pelley-fired-cbs-bari-weiss\/\">60 MINUTES HOST SCOTT PELLEY FIRED AFTER ACCUSING CBS CHIEF OF \u2018MURDERING\u2019 SHOW<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">When Musk founded SpaceX in 2002, the company focused on building rockets and launching payloads into space. It later expanded into telecommunications with its Starlink satellite internet service and, earlier this year, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4577353\/spacex-ipo-filing-musk-openai-court-loss\/\" type=\"link\" id=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4577353\/spacex-ipo-filing-musk-openai-court-loss\/\">merged<\/a> with Musk\u2019s artificial intelligence company xAI, which includes the social media platform X.<\/p>\n<p class=\"wp-block-paragraph\">While SpaceX dominates the commercial launch industry, the company\u2019s AI assets are increasingly seen as a major part of its valuation. The IPO comes amid a wave of investor enthusiasm for artificial intelligence, with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/anthropic\/\" type=\"post_tag\" id=\"17700\">Anthropic<\/a> also planning to go public and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/openai\/\" type=\"post_tag\" id=\"11146\">OpenAI<\/a> expected to follow. <\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX plans a massive IPO: about $75B at ~$1.77T valuation<\/p>\n","protected":false},"author":4195,"featured_media":2610413,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/05\/AP25191438087297.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[72894,12320,5088,4844],"class_list":["post-2610412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-elon-musk-2","tag-ipo","tag-space","tag-spacex"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/05\/AP25191438087297.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2610412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4195"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2610412"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2610412\/revisions"}],"predecessor-version":[{"id":2610416,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2610412\/revisions\/2610416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2610413"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2610412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2610412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2610412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}