SpaceX IPO Set to Create 4,400 New Millionaires, Even Cafeteria Staff
SpaceX’s record‑breaking $750 billion IPO, priced at $135 per share, is expected to make the company the seventh‑largest U.S. public firm, generate over 4,400 new millionaires—including cafeteria workers—and keep Elon Musk in control with 82% voting power.
IPO size and pricing
SpaceX set the IPO price at $135 per share, selling about 5.56 billion shares to raise $750 billion, valuing the company at $1.77 trillion.
Underwriter option and retail allocation
Underwriters have a 30‑day option to purchase up to 83.33 million additional shares, providing upside to the total financing.
30 % of the shares are reserved for retail investors; retail orders have already exceeded $700 billion, covering more than 90 % of the fundraising target.
Control and voting rights
Elon Musk will retain 82 % of the voting power after the IPO.
Financial outlook
Projected 2025 revenue is $18.67 billion with a net loss of nearly $5 billion.
Earlier forecasts expected 2028 revenue above $26 billion and a five‑fold increase in the user base, but X’s advertising revenue fell 65 % last year and was merged into SpaceX.
Fair‑value assessment
Morningstar estimates a fair value of $63 per share, well below the $135 IPO price.
Strategic positioning
In its roadshow presentation SpaceX describes itself as a “future infrastructure company” spanning space, communications, and AI compute, targeting a total addressable market of $28.5 trillion.
Market‑cap ranking
When listed, SpaceX is expected to become the seventh‑largest U.S. public company by market cap, surpassing Meta and Tesla.
Wealth creation
Analysts estimate the IPO will create roughly 4,400 new millionaires, including about 400 current or former employees whose holdings would exceed $100 million each.
Sources
Bloomberg article: https://www.bloomberg.com/news/articles/2026-06-11/elon-musk-s-spacex-set-to-make-history-with-record-breaking-ipo
SpaceX tweet: https://x.com/SpaceX/status/2065154746810327356
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