SpaceX IPO Roadshow Heads Into Final Week: $75B Raise at $1.75 Trillion Valuation Scheduled for June 12
SpaceX completed its first full week of IPO roadshow meetings with Goldman Sachs-led syndicate, targeting a record $75 billion raise at a $1.75 trillion valuation. Pricing is set for June 11 with Nasdaq trading under ticker SPCX beginning June 12, making it potentially the largest IPO in history.
The IPO Roadshow Momentum
SpaceX's IPO roadshow completed its first full week as of June 6, 2026. Investor meetings have been taking place across New York, Boston, and San Francisco, with the 21-bank syndicate led by Goldman Sachs walking institutional investors through the SpaceX S-1 financials. Pricing is scheduled for June 11 and trading under the ticker SPCX on Nasdaq is set for June 12.
Financial Metrics Under Scrutiny
The numbers under scrutiny: $18.7 billion in 2025 consolidated revenue (post xAI merger), with Starlink generating $11.4 billion in revenue and $4.4 billion in operating income. xAI consumed approximately $14 billion in cash against $3.2 billion in revenue — a $10.8 billion net cash drain from the AI division. SpaceX is targeting a $75 billion raise at a $1.75+ trillion valuation.
Historic IPO Scale
If it prices near target, it would be the largest IPO in history. The offering represents an unprecedented capital raise for infrastructure and AI ambitions, funneling proceeds directly into expanding satellite internet capacity and AI computing infrastructure.
Retail Allocation Strategy
The retail allocation story is unusually prominent: 30% of the float goes to Robinhood, Fidelity, and Charles Schwab — three times the standard mega-cap IPO norm. This aggressive retail strategy reflects Elon Musk's track record of bypassing traditional banking gatekeepers and appealing directly to retail investors—a strategy that worked with Tesla.