SpaceX prices IPO at $135/share, targeting $1.8T valuation as Musk eyes trillionaire status

SpaceX priced its IPO at $135 per share for over 555 million shares, raising approximately $75 billion and valuing the company at nearly $1.8 trillion—ahead of Tesla, Meta and Walmart. The offering, set to debut on Nasdaq today under ticker SPCX, could exceed $86 billion with options for additional shares and would make Elon Musk the world’s first trillionaire given his current $782 billion wealth.

While SpaceX reported $18.7 billion in 2025 revenue, it remains unprofitable with a $4.9 billion net loss, primarily from AI infrastructure spending. The valuation hinges on futuristic promises like space-based data centers and Mars colonization, alongside Starlink satellite internet expansion and xAI’s Grok chatbot integration. Musk’s political affiliations and X platform controversies contribute to his polarizing public image.

For Nigerians, this IPO matters as Starlink already operates in Nigeria, potentially improving service quality or accelerating expansion with new funds. Global investors may access shares via international brokerages, though 20% was reserved for retail buyers. Will Starlink’s growth from this capital improve Nigeria’s broadband landscape, or should you monitor how Musk’s AI ventures affect local tech adoption and digital rights debates?

SOURCE: https://www.channelstv.com/2026/06/12/spacex-ipo-set-for-liftoff-in-record-market-debut/