SpaceX Targets $1.75T Valuation for June 2026 IPO

SpaceX confidentially filed with the SEC on April 1, 2026, for an IPO targeted in June 2026, with roadshows starting June 7 and prospectus release in late May. The company seeks to raise approximately $75 billion at a valuation of $1.75 trillion, following its February 2026 all-stock merger with xAI that established a combined $1.25 trillion value, up from $800 billion in December 2025. This trajectory builds on prior valuations of $350 billion in late 2024 and $400 billion in mid-2025. Implied share pricing starts around $525-$530 post-merger, potentially rising to $632-$737 at the target valuation, with first-day trading possibly reaching $752-$877 based on historical 19% pops. Annual revenue reached $15-16 billion last year from Starlink and government contracts exceeding $24 billion since 2008, supported by 165 orbital launches in 2025.