SpaceX IPO Could Be the Largest in History. Should You Buy the Shares?

TLDR

• SpaceX plans to raise $75 billion in its IPO at $135 per share, targeting a valuation of $1.75 trillion.
• The roadshow starts Thursday, with the IPO potentially launching as early as June 12.
• Musk plans to allocate 30% of shares to retail investors, far above the typical 5–10%.
• SpaceX posted revenue of $18.67 billion in 2025 but recorded a net loss of $4.94 billion.
• Only Starlink, one of three SpaceX units, has turned a profit so far.

SpaceX is moving fast toward what could be the biggest IPO in history. Here is what you need to know.

SpaceX Sets IPO Terms

SpaceX plans to sell about 555.6 million shares at $135 each, raising $75 billion. The company is targeting a valuation of $1.75 trillion, which would make it one of the most valuable companies ever to go public.

The roadshow kicks off this Thursday. Reuters reported the IPO could happen as early as June 12.

One thing that stands out: Elon Musk reportedly wants to allocate 30% of shares to retail investors. Most IPOs set aside just 5–10% for non-professional investors. That makes this an unusual opportunity for everyday people to get in early.

SpaceX has three business units. Its Starlink satellite internet service is the only one currently turning a profit. The other two — rocket launches and other ventures — are still burning cash.

The company reported revenue of $18.67 billion in 2025. However, it also posted a net loss of $4.94 billion. Much of that loss tied back to its acquisition of xAI, Musk’s artificial intelligence company.

SpaceX would not be the only major tech debut this year. OpenAI and Anthropic are also expected to go public in the coming months.

What Tesla’s History Tells Us

Investors are drawing comparisons to Tesla, the other major public company tied to Musk. Tesla went public in June 2010 and spent its early years losing money while the stock climbed. Revenue eventually surged, the company turned profitable, and long-term shareholders were well rewarded.

But Tesla has also had its stumbles. The Cybertruck saw a 48% drop in sales last year. Competition from Chinese automakers has put pressure on margins. Musk’s public profile has also created controversy that some believe has hurt the Tesla brand.

The lesson from Tesla is not a simple one. Yes, Musk has delivered results. But one successful public company does not guarantee the same from the next.

SpaceX carries real ambition. Musk has talked about running AI data centers in space and long-duration space missions. These are costly goals, and some rely on technology that has not yet been proven at scale.

For cautious investors, the risks are real. SpaceX is still losing money and has major spending commitments ahead.

For growth-focused investors, the opportunity is clear. This is a company that dominates the commercial rocket market, runs the world’s largest satellite internet network, and has direct ties to government contracts.

History also shows that investors do not need to buy in on day one. Great companies tend to offer multiple entry points over time. Waiting for the stock to settle after its debut is a strategy that has worked with other big IPOs.

The SpaceX IPO is set to be one of the most watched market events of 2026. Whether you plan to participate or not, it is a story worth following closely.

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