SpaceX raises $75 billion from Wall Street elite ahead of $1.8 trillion IPO

SpaceX has successfully secured $75 billion from global financial institutions in a private funding round just hours before its highly anticipated stock market flotation.

The historic capital raise positions the space exploration and artificial intelligence company to pull off the highest-value Initial Public Offering (IPO) in corporate history.

According to an official filing with the US Securities and Exchange Commission, SpaceX finalised the sale of $75 billion in shares priced at $135 each. The funding was injected entirely by major financial firms and institutional investment funds eager to secure a stake before the company begins trading publicly on the tech-heavy Nasdaq index.

The $135 share price officially places SpaceX’s initial stock market valuation at $1.8 trillion, immediately making it one of the most valuable corporations on Earth. This valuation will have a profound impact on the personal fortune of Chief Executive Elon Musk.

Already recognized as the world’s wealthiest individual, Musk – who retains a 40% equity stake in the company – is now on track to become the world’s first-ever trillionaire. Global brokerage firm Oppenheimer has already set a bullish target price of $190 per share, which would further accelerate Musk’s wealth gains once public trading commences.

However, the unprecedented listing is not without severe risks for incoming institutional and retail investors. Under the current dual-class share structure, Musk’s combination of Class A and Class B stock grants him 84% of the company’s total voting power.

This hyper-consolidation of authority means SpaceX is legally exempt from appointing independent directors to its board, allowing insiders to make sweeping business decisions without typical corporate checks and balances.

Financial analysts at Harvard Law School have warned that this total lack of oversight poses a major risk, as it allows Musk-aligned insiders to unilaterally approve massive executive compensation packages or orchestrate controversial business deals.

Concerns are already mounting regarding potential conflicts of interest, given that SpaceX recently absorbed Musk’s xAI startup, which itself acquired the social media network X in 2025.

Despite these structural governance concerns, public enthusiasm remains sky-high. Market analysts view the SpaceX launch as a crucial litmus test for the wider technology sector, directly paving the way for other highly valued private AI firms including Anthropic and OpenAI, both of which are actively preparing for their own public market debuts later this year.