SpaceX IPO Filing Details $75 Billion Offering And Musk's 82 Percent Voting Control
SpaceX filed an amended IPO prospectus on Wednesday, June 3, 2026, offering exactly 555,555,555 shares at $135 each and targeting up to $75 billion in proceeds for an implied $1.77 trillion valuation.[1]
The filing says Elon Musk will control about 82.4% of SpaceX's voting power through ownership of 5.22 billion Class B shares, each carrying 10 votes.[1] The prospectus shows SpaceX lost $2.6 billion from operations in 2025 on $18.7 billion in revenue, with losses continuing into early 2026.[1] Forbes' pre-IPO estimates suggest the higher $1.77 trillion valuation would boost Musk's paper net worth by roughly $223 billion, pushing him past $1 trillion largely in illiquid stock.[1]
The filing says IPO proceeds would be used for long-term programs such as Starship, lunar missions and a proposed Mars colony of at least one million people as a hedge against "existential threats." CBS News It also projects up to an estimated $26.5 trillion in potential future AI revenue tied to long-term concepts like orbital data centers and notes partnerships including a computing tie-up with Anthropic and a deal for the AI coding tool Cursor.[1]
PBS and other outlets earlier reported SpaceX planned to seek up to $75 billion in the offering.[2] The amended prospectus supplied the precise share count, price and new financial detail that made the deal's size and Musk's voting control explicit.[1]
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📌 Key Facts
- The amended IPO prospectus filed Wednesday, June 3, 2026, specifies that SpaceX will offer exactly 555,555,555 shares at $135 each, targeting up to $75 billion in proceeds and implying a $1.77 trillion valuation (amended IPO prospectus).
- Elon Musk will control about 82.4% of SpaceX’s voting power through ownership of 5.22 billion Class B shares, each carrying 10 votes (5.22 billion Class B shares).
- The prospectus shows SpaceX lost $2.6 billion from operations in 2025 on $18.7 billion in revenue, with losses continuing into early 2026 (prospectus).
- The filing says IPO proceeds would be used for long-term programs such as Starship, lunar missions and a proposed Mars colony of at least one million people as a hedge against "existential threats" (Starship).
- Based on Forbes’ pre-IPO estimates, the $1.77 trillion valuation would raise Elon Musk’s paper net worth by roughly $223 billion, pushing him past $1 trillion largely in illiquid stock (Forbes’ pre-IPO estimates).
- The filing projects up to an estimated $26.5 trillion in potential future AI revenue from long-term concepts like orbital data centers and notes partnerships including a computing tie-up with Anthropic and a deal for the AI coding tool Cursor (orbital data centers).
📰 Source Timeline (2)
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- The amended IPO prospectus filed Wednesday, June 3, 2026, specifies that SpaceX will offer exactly 555,555,555 shares at $135 each, targeting up to $75 billion in proceeds and an implied $1.77 trillion valuation.
- The filing details that Elon Musk will control about 82.4% of SpaceX’s voting power through ownership of 5.22 billion Class B shares, each carrying 10 votes.
- The prospectus shows SpaceX lost $2.6 billion from operations in 2025 on $18.7 billion in revenue, with losses continuing into early 2026.
- Based on Forbes’ pre-IPO estimates, the higher $1.77 trillion valuation would increase Musk’s net worth by roughly $223 billion on paper, putting him over the $1 trillion mark, though largely in illiquid stock.
- The filing and accompanying coverage highlight SpaceX’s plan to use IPO proceeds for long-term projects such as Starship, lunar missions, and a proposed Mars colony of at least one million inhabitants as a hedge against “existential threats.”
- The article notes SpaceX’s ambition to tap up to an estimated $26.5 trillion in potential future AI revenue, including long-term concepts like orbital data centers that are not yet technically feasible, and references a computing partnership with Anthropic and a deal for AI coding tool Cursor.