SPACEX SETS JUNE 12 TRADING DATE FOR WHAT WOULD BE THE LARGEST IPO IN THE HISTORY OF CAPITAL MARKETS
The investor roadshow begins June 4. Pricing comes June 11. And on June 12, SpaceX starts trading on Nasdaq under the ticker SPCX, targeting a valuation of 1.75 trillion dollars. If the deal closes as planned, it will be the largest IPO in the history of global capital markets, obliterating the record set by Saudi Aramco in 2019, which raised 35.4 billion dollars. SpaceX is aiming to pull in up to 75 billion.
Goldman Sachs is running the book with Morgan Stanley, Bank of America, Citigroup, and JPMorgan alongside them. Twenty-one banks total are in the underwriting syndicate. In an unusual move, SpaceX is routing thirty percent of the float directly to retail investors through Robinhood, Fidelity, and Schwab. That is three times the typical retail allocation for a company of this size.
The AI angle buried in the filing should not be ignored. SpaceX’s S-1 discloses a compute deal with Anthropic worth 1.25 billion dollars per month through May 2029. At full scale, that is 15 billion dollars a year in AI infrastructure revenue. This is not purely a rockets-and-satellites story. It is also a bet on whether Anthropic keeps growing fast enough to need all that compute. Polymarket prediction markets are currently giving the deal 94 percent odds of closing inside the June window.
Keywords: SpaceX IPO, SPCX Nasdaq, largest IPO history, SpaceX Anthropic compute deal