SpaceX, an American aerospace manufacturer, space transportation company, and satellite communications provider founded by Elon Musk, has launched the largest IPO in history, with pricing reaching a $135 (approximately €116.64) a share to raise $75 billion (€65 billion) at a record $1.77 trillion (€1.53 trillion) valuation, as reported by Reuters.
While satellite internet unit Starlink currently drives the company’s revenue, SpaceX’s projections rely heavily on a claimed $28.5 trillion (€24.7 billion) total addressable market largely centered around AI. This AI segment is fueled by xAI, combining dedicated AI computing infrastructure, models, and real-time data access via X to create what SpaceX calls a significant strategic advantage.
According to Reuters, the deal went through amid immense institutional demand and high investor appetite for AI-linked listings, paving the way for upcoming debuts from artificial intelligence peers OpenAI and Anthropic later this year. To fund its massive expansion into space-based AI data centers and satellite constellations, SpaceX broke traditional Wall Street norms by announcing its fixed $135 pricing before its investor roadshow and filing the disclosure while regular trading hours were still active. Elon Musk retains 82% voting control over the company, which debuts on the Nasdaq as the seventh most valuable U.S. firm.
