Elon Musk’s aerospace and artificial intelligence firm SpaceX has secured $75 billion in pre-initial public offering (IPO) funding from global financial institutions, positioning the company for what is projected to be the highest-valued public stock debut in history when trading opens Friday on the Nasdaq exchange.
In an official filing with the U.S. Securities and Exchange Commission (SEC), SpaceX confirmed it sold newly issued shares at a fixed price of $135 apiece, matching the valuation estimate the company released publicly last week. At this share price, the company’s total market capitalization upon listing will reach nearly $1.8 trillion.
The landmark valuation carries historic personal ramifications for Musk, already the world’s wealthiest individual. If the $1.8 trillion valuation holds after trading opens, Musk will become the first person in recorded history to amass a personal net worth exceeding $1 trillion.
While the final opening share price will be determined by open market auction dynamics, industry observers are already predicting overwhelming investor demand for SpaceX stock. Interest from both large institutional investment funds and individual retail investors is widely expected to outpace supply of available shares, which could push the traded price above the $135 pre-IPO level.
Multiple Wall Street analysts have already set bullish target prices for the stock that exceed the $135 baseline. Global financial services firm Oppenheimer, for example, released a research note Thursday projecting SpaceX’s share price will climb to $190 once public trading is underway. If the share price holds at or above $135, SpaceX will immediately rank among the top 10 most valuable publicly traded companies in the world.
Market analysts also note that SpaceX’s IPO is being closely watched as a critical test case for other large unlisted technology firms eyeing public offerings in 2025. Leading artificial intelligence developers Anthropic and OpenAI, both of which currently carry private valuations approaching $1 trillion, have publicly confirmed they are on track to launch their own IPOs later this year. The outcome of SpaceX’s debut will likely set a precedent for market appetite for large high-growth private tech companies going public.