Elon Musk’s aerospace company set price per share at US$135 and debuts on Nasdaq this Friday
an aerospace company founded by the billionaire, made official this Thursday (June 11, 2026) the biggest IPO of all time. The company at US$135 per share, according to updated data submitted to the United States Securities and Exchange Commission (SEC).
With the placement of 555.6 million Class A common shares, the operation guaranteed a record gross fundraising of US$75 billion. The amount puts the company’s market value in the range of US$ 1.75 trillion to US$ 1.77 trillion, consolidating Musk’s group as one of the most valuable organizations on the planet. The shares begin trading on the New York electronic exchange on Friday (June 12, 2026).
WHAT IS AN IPO?
IPO is the acronym in English for Initial Public Offering. It is the moment when a company goes public on the stock exchange for the first time, starting to sell shares to any investor.
To be listed in the United States, the company must submit a form called S-1 to the SEC – a kind of “x-ray” of the business, with detailed information about finances, relevant contracts, governance structure and risks. Private companies are under no obligation to disclose this data to the public; Therefore, the IPO usually reveals new and strategic information.
DISPLACING SAUDI ARAMCO
The financial volume handled by SpaceX shattered the previous global record, which belonged to the state-owned oil company, whose debut on the market had raised US$29 billion. Due to the unprecedented size of the transaction, the syndicate of banks leading the operation – originally formed by Morgan Stanley, Goldman Sachs, JP Morgan and Bank of America – was expanded in the latest prospectus to include major global brands such as Citigroup, Barclays and Deutsche Bank.
For the local market, BTG Pactual acts as one of the arms in the international distribution of the offer. However, following the regulatory guidelines of the CVM (Securities Commission), direct access to securities in Brazilian territory was restricted to qualified and professional investors.
Elon Musk has been defending the participation of more individual investors in the distribution of shares. According to US media outlets, the billionaire is considering allocating up to 30% of the offer to so-called retail investors, mainly in European countries. The practice is unusual, especially for an IPO of this size, which usually allocates around 5% to 10% of the shares to this type of investor.
The objective is to expand access to the company for individuals. The company’s assessment is that Musk’s fan base could help stabilize the shares after the high demand for the debut.
WHAT CONTROL OF SPACEX WILL LOOK LIKE
Elon Musk should continue to have almost full control of the company. will maintain 82% of the voting power in the company through Class B shares, which give 10 votes each on the Board of Directors. The billionaire will control 93.6% of these shares, which will be restricted to a small group of shareholders.
Class B shareholders have the right to elect the majority of directors (51%). By holding the majority of these shares, Musk will be able to appoint, remove or fill vacancies on the company’s board of directors.
Class A shares are those that will be offered to the market this week. Each gives the right to 1 vote on company decisions.
The IPO is being coordinated by a group of 21 banks led by Goldman Sachs. The initiative includes institutions such as Morgan Stanley, Bank of America, Citigroup and the Brazilian in addition to traditional European banks such as Barclays, Deutsche Bank, RBC and UBS.
Coordinating banks may carry out a over-allotment of 15%. The practice consists of selling a greater number of shares than initially planned by the company. The extra lot serves to meet the high demand from investors and ensure stability of the asset’s price on the stock exchange.
Keep an eye on commissions that can reach US$500 millionUS financial institutions have been conducting presentations in recent weeks to sell the business to all types of clients: from giant investment managers to individual investors in different parts of the world.
AMBITIOUS GOALS
In the document sent to the SEC, SpaceX details a series of plans for the coming years. The company, which in February with , also by Musk, operates on 3 fronts: aerospace operations, internet and satellites, and .
To the SEC and investors, the company is presenting what it calls “the largest total addressable addressable market in human history”estimated at US$28.5 trillion.
After the IPO, the company intends to develop data processing in orbit, expand its wireless communication business for satellite cell phones, increase the production of AI chips, and, in the future, colonize Mars.
Read the main goals for each segment:
- Aerospace operation – use the rocket to transport people and cargo to space and establish a sustained human and commercial presence on the Moon, with the creation of factories to produce AI computing satellites. In the long term, the company also has plans to establish a permanent human colony on Mars with at least 1 million inhabitants;
- Satellites and internet – expansion of Starlink, a satellite internet network created by SpaceX. Launch of new generation satellites, with data transfer capacity of 1 Tbps (terabits per second). The plan is to eliminate cellular “dead zones” around the world;
- Artificial intelligence – Grok training until the AI reaches the level of trillions of parameters – the “memory” and connections that the model uses to reason and generate responses. In collaboration with Tesla and Intel, SpaceX plans to design and optimize performance and avoid hardware shortages. The company also intends to develop orbital-scale data processing centers.
