SpaceX Targets June IPO in Potentially Record-Breaking $75bn Raise
SpaceX has outlined details of its highly anticipated initial public offering (IPO) to its team of bankers, targeting a roadshow launch in early June that could value Elon Musk's rocket company at up to $1.75 trillion.
The Elon Musk-led company plans to launch its roadshow the week of 8 June, when executives and bankers will pitch the IPO to potential investors, according to two sources familiar with the matter.
In an unprecedented move, SpaceX intends to allocate a large portion of shares to retail investors — far more than any IPO in history.
"Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen told bankers during a virtual meeting on Monday night.
Retail investors to get rare access
Unlike traditional IPOs, where institutional investors receive the lion's share of allocations, SpaceX is rewriting the playbook. Founder Elon Musk has previously pushed to set aside up to 30% of shares for smaller investors, compared with the typical 5% to 10% for most companies.
On 11 June, SpaceX plans to host 1 500 retail investors at a major investor event. Everyday investors in the United Kingdom, European Union, Australia, Canada, Japan and Korea will also have the opportunity to participate in the offering.
The company intends to make its IPO prospectus public in late May, with the aim of raising $75 billion — potentially making it the largest IPO ever.
Banking syndicate led by Wall Street giants
Five banks are leading the deal as active bookrunners:
● Morgan Stanley
● Bank of America
● Citigroup
● JPMorgan Chase
● Goldman Sachs
A further 16 banks are participating in smaller roles across institutional, retail and international channels.
The $1.75 trillion valuation target represents a significant step up from the $800 billion valuation set during SpaceX's most recent tender offer in December 2025, before the company merged with Musk's artificial intelligence startup xAI in February.
Market Sentiment
Bullish on IPO-related activity, with strong retail enthusiasm expected.
While SpaceX itself remains a private company and is not yet available for trading, traders can monitor the lead underwriters, which typically experience increased volatility and trading volume around mega-IPO events.
Relevant NYSE tickers to watch on your platform
Trader's note: Historically, investment bank stocks tend to see increased interest ahead of major IPOs due to the anticipated fee revenue. The unprecedented retail allocation in this deal may also benefit banks with strong retail brokerage arms, particularly Morgan Stanley (which owns E*Trade) and Bank of America (through Merrill Lynch).
As always with CFD trading, monitor these positions closely — IPO-driven momentum can be volatile, and geopolitical headlines (such as the ongoing U.S.-Iran tensions) continue to influence broader market sentiment.
Disclaimer:
This content has been generated using AI technology and is intended for informational purposes only. While efforts have been made to ensure accuracy and relevance, this text should not be considered professional advice or an official statement. Always verify information from authoritative sources before making any decisions. This is not financial advice.
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