SpaceX IPO sees record demand, eyes $75 billion raise

SpaceX is on the cusp of a landmark initial public offering, with the aerospace company set to begin trading on the Nasdaq this Friday. The event is generating immense anticipation on Wall Street, fueled by demand that reportedly far exceeds the number of shares available, even for an offering of unprecedented size.

The company, founded by Elon Musk, aims to raise around $75 billion through the sale of shares. This figure would more than triple the record set by Saudi Aramco in 2019. SpaceX's current estimated valuation stands at $1.765 trillion, positioning it among the world's ten largest publicly traded companies.

“

The demand from institutional investors is approximately four times higher than the number of available shares.

Analysts like Jay Ritter, a specialist in IPOs at the University of Florida, note that institutional investor demand is approximately four times the available shares, drawing parallels to major market debuts like Facebook's. SpaceX has also allocated nearly 30% of its shares to retail investors, an unusually high proportion, reflecting the strong following of Musk's vision.

However, concerns linger regarding SpaceX's financial standing. The company reported losses nearing $5 billion in 2025, partly due to substantial investments in artificial intelligence, and has shown signs of slowing growth. Ritter acknowledges that while the valuation is difficult to fully justify based on current financials, the market appears willing to bet on the company's future potential, including ambitious projects like orbital data centers and Mars colonization.

“

There is no way to fully justify this valuation.