SpaceX targets record $75B IPO as Musk boosts stake

SpaceX is preparing for a record $75B IPO, holding analyst meetings and increasing executive stock compensation. Elon Musk boosted his stake by $1.4B. The IPO is targeted for late June.

SpaceX is moving forward with plans for a historic initial public offering, targeting a $75 billion valuation that could make it the largest IPO ever. The company is conducting closed-door meetings with top Wall Street analysts and institutional investors at its Texas launch site and Tennessee data center, highlighting its business and projects such as Macrohard. Elon Musk has increased his personal stake in SpaceX by acquiring $1.4 billion in shares from current and former employees through his trust, according to a draft IPO prospectus. The board has approved a compensation plan granting Musk 60 million additional shares, tied to valuation milestones as the company’s market capitalization rises from $1.1 trillion to $6.6 trillion. SpaceX plans a dual-class share structure, giving insiders 10 votes per share compared to one for public shareholders. Gwynne Shotwell’s $85.8 million stock-based compensation, disclosed in an S-1 filing, further signals active IPO preparations. The IPO is targeted for late June, pending SEC approval and other key developments.