MUSK’S SPACE MACHINE GOES PUBLIC: SPACEX TARGETS $1.77 TRILLION VALUATION AS IPO ROADSHOW LAUNCHES THIS WEEK The SpaceX IPO roadshow kicks off June 8, with Elon Musk’s company pricing shares at a fixed $135 each. If the offering holds, this would be the most valuable company ever to go public in American history, targeting a valuation of $1.77 trillion. The company that began as a rocket builder is now something else entirely. SpaceX swallowed Musk’s artificial intelligence startup xAI in February in an all-stock deal that made it the largest corporate merger by valuation in history. That merger brought Grok, the AI assistant competing with ChatGPT, under the same roof as Starlink, Falcon 9, and a workforce of engineers who believe they are colonizing Mars. The math does not impress everyone on Wall Street. Morningstar analysts have already called the $1.77 trillion figure nearly twice the company’s fair value, pointing to xAI’s losses as a weight the business cannot easily carry. Musk wants retail investors in the deal, reserving as much as 30 percent of shares for smaller buyers, far above the typical five to ten percent in large offerings. Pricing is expected June 11. The stock trades on Nasdaq under the ticker SPCX beginning June 12. Wall Street is watching to see whether Musk’s retail-investor pitch holds when institutions get a closer look at the books. Keywords: SpaceX IPO, xAI merger, Elon Musk IPO, SPCX Nasdaq