SPCX: SpaceX IPO Nearly Here After $75 Billion Raise Is Locked In. Ready for Takeoff.

The moment that millions of investors, space enthusiasts, technology analysts, and market historians have been waiting for has officially arrived. SpaceX — Elon Musk's rocket company, satellite internet provider, and artificial intelligence conglomerate — has priced its initial public offering at $135 per share, locking in a $75 billion capital raise that makes it the largest IPO in the history of global financial markets, and begins trading today — Friday, June 12, 2026 — on the Nasdaq under the ticker symbol SPCX. The countdown is over. SPCX is cleared for takeoff.

Based on the roughly 555.6 million Class A shares it is selling, SpaceX will raise $75 billion, easily making it the biggest US IPO ever. Chinese tech conglomerate Alibaba Group Holding currently holds that title, having raised $4.6 billion in its March 2021 offering. To put the scale in perspective: SpaceX's $75 billion raise is more than sixteen times larger than the previous US IPO record, and more than double Saudi Aramco's $29.4 billion — the previous global record. For live updates, expert analysis, and real-time SPCX trading data as SpaceX makes its historic public debut today, Kiplinger's live SpaceX IPO coverage is providing continuously updated expert commentary on what SPCX means for investors, the market, and the broader economy.

The Numbers: $135, $75 Billion, $1.75 Trillion

The final deal terms represent one of the most precisely calibrated and consequential pricing decisions in financial history. SpaceX set a fixed IPO price of $135 per share. That values the company at roughly $1.77 trillion and aims to raise about $75 billion through 555.6 million new shares.

SpaceX offered 555,555,555 shares of Class A common stock, with underwriters granted a 30-day option to purchase an additional 83,333,333 shares at the IPO price. If underwriters exercise that full overallotment option, the total capital raise could push even higher — approaching $86 billion — making an already historic offering even larger. At a $1.75 trillion valuation, SpaceX would debut as roughly the seventh-largest US company, above Tesla's approximately $1.6 trillion market cap.

Already Oversubscribed: Demand Is Extraordinary

In a sign of the extraordinary investor enthusiasm surrounding the SPCX IPO, the offering was already massively oversubscribed before its pricing was finalized. SpaceX's record $75 billion initial public offering is already oversubscribed ahead of its expected pricing. The oversubscription reflects genuine institutional conviction — not mere speculative excitement — about SpaceX's position at the center of three of the most powerful investment themes of the current decade: space commercialization, global satellite internet connectivity, and artificial intelligence infrastructure.

The roadshow itself generated extraordinary institutional engagement. Approximately 125 analysts from 21 participating banks are expected to meet SpaceX management, and a dedicated event for around 1,500 retail investors was planned. The retail investor event — a rare and deliberately inclusive touch for an IPO of this scale — reflects SpaceX's conscious effort to ensure the broadest possible access to one of the most anticipated public offerings in history.

Goldman Sachs Projects $474 Billion Revenue by 2030

The most jaw-dropping single analyst projection surrounding the SPCX IPO came from SpaceX's own lead underwriter. SpaceX's lead underwriter Goldman Sachs projected that the company's total revenue could top $474 billion by 2030, with AI expected to account for the majority of that total at $322 billion. If achieved, that would represent one of the most rapid revenue expansions in the history of publicly traded companies — a trajectory that would justify and then some the seemingly enormous $1.75 trillion opening valuation.

The AI revenue projection is particularly significant because it reveals the degree to which the SpaceX investment thesis has evolved beyond rockets and satellites. SpaceX reported $3.2 billion in AI revenue in 2025, according to the company's regulatory filings. Goldman's projection that AI revenue will reach $322 billion annually by 2030 implies a more than 100x growth in this segment over five years — a projection that reflects the extraordinary scale of the Colossus AI data center and the compute deals already secured with major tech companies.

The Google and Anthropic Compute Deals: Revenue Locked In

Two landmark compute agreements that have been confirmed in SpaceX's regulatory filings provide concrete, contracted revenue that significantly de-risks the AI revenue projection. Google agreed to pay SpaceX $920 million per month for compute capacity at xAI data centers, under a 32-month deal running from October 2026 through June 2029, covering access to roughly 110,000 Nvidia GPUs. That followed a May agreement in which Anthropic pays $1.25 billion a month to rent the entire output of the Colossus 1 data center until May 2029, putting combined annualized compute revenue at around $26 billion. These two contracts alone represent $26 billion in annual contracted compute revenue — a figure that provides genuine earnings visibility and transforms the AI component of SpaceX's business from a speculative future possibility into a present, contracted commercial reality.

Starlink: The Revenue Engine That Carries the Valuation

While the AI data center business provides the most dramatic growth narrative, Starlink remains the current revenue engine that underpins SpaceX's financial performance and near-term cash generation capacity. In Q1 2026, connectivity revenue (mostly Starlink) reached $3.26 billion — about 69% of SpaceX's $4.69 billion total — and the subscriber base hit 10.3 million, roughly double a year earlier.

The doubling of Starlink's subscriber base in a single year is a powerful demonstration of the product's market momentum and the scale of unmet global demand for high-quality, low-latency satellite internet connectivity that traditional terrestrial infrastructure cannot serve. With billions of people globally still lacking reliable broadband access, Starlink's total addressable market remains enormous — and largely untapped.

Bull Case vs. Bear Case: The Valuation Debate

Not everyone in the investment community shares Goldman Sachs' exuberant optimism. The valuation debate surrounding SPCX is genuine, substantive, and important for any investor to understand before making a decision. Morningstar pegs fair value near $780 billion, less than half the IPO target, and suggests waiting for a pullback. ARK Invest is far more bullish, projecting up to $3.1 trillion by 2030.

The Morningstar bear case rests primarily on valuation discipline — the observation that analysts flag concerns over a 94x revenue multiple at the IPO price, which demands extraordinary future execution to justify at any reasonable discount rate. The ARK Invest bull case, by contrast, emphasizes the structural transformation SpaceX is driving across multiple enormous markets simultaneously and the network effects and scale advantages that could make its dominant positions in those markets extraordinarily durable.

The Nasdaq 100 Catalyst: $22–27 Billion in Forced Buying Coming

Beyond the IPO itself, sophisticated institutional investors are closely watching a powerful mechanical catalyst that is expected to provide significant price support in SPCX's early trading period. Fifteen days after its Nasdaq listing, SpaceX is expected to qualify for inclusion in the Nasdaq 100 index — triggering an estimated $22 to $27 billion in forced mechanical buying from the trillions of dollars in assets that track the Nasdaq 100 through QQQ and similar index funds. This automatic, non-discretionary buying demand — arriving regardless of individual investor sentiment or market conditions — represents one of the most significant near-term price catalysts for SPCX in its first weeks of trading.

How to Buy SPCX Today

For investors who want to participate in SpaceX's historic public debut today, SPCX shares are available for purchase through any standard brokerage account with access to Nasdaq-listed securities from the moment trading opens this morning. Major US retail brokerage platforms including Fidelity, Schwab, TD Ameritrade, and Robinhood all provide access to SPCX at the prevailing market price — which may be significantly above or below the $135 IPO price depending on opening day demand dynamics.

Investors should approach the SPCX opening session with clear-eyed awareness that the first trading day of any mega-IPO is characterized by extreme volatility, wide bid-ask spreads, and prices that may swing dramatically in both directions as price discovery unfolds. The IPO price of $135 is the allocation price — not a ceiling, floor, or guaranteed entry point for secondary market buyers. Position sizing, risk management, and patience will be essential qualities for any investor navigating what promises to be one of the most extraordinary trading days in stock market history.