SpaceX IPO Nears at $1.75 Trillion Valuation in Test for Global Listings

Global IPO Market Faces Key Test After Prolonged Slump

Plans to Sell 555.6 Million Shares at $135 Each

SpaceX is drawing intense attention from investors after reports said it plans to raise about $75 billion in an initial public offering, valuing the company at $1.75 trillion.

Reuters reported on June 2, citing sources familiar with the matter, that SpaceX plans to sell 555.6 million shares at $135 apiece.

The official roadshow is set to begin on June 4. The investment banking industry is aiming to generate about $75 billion of investor demand through the presentations.

Setting a specific target price at the roadshow stage is unusual. Companies typically present an indicative price range first and then determine the final offer price based on demand.

SpaceX is also considering allocating as much as 30% of the offering to retail investors, Reuters reported. That would be an unusually large share for a blockbuster IPO and would signal an effort to draw in individual investors.

The listing is being watched as a key test of whether the global IPO market can recover after years of weakness. Market participants have grouped SpaceX with OpenAI and Anthropic among the most influential potential listings in the current cycle.

Lee Jung-woo, Hankyung.com reporter, krse9059@hankyung.com