SpaceX raises $75 billion from Wall Street elite ahead of $1.8 trillion IPO
SpaceX secured $75 billion in private funding from Wall Street firms ahead of its record-breaking $1.8 trillion IPO, with shares priced at $135 each. The deal positions Elon Musk, who owns 40% of the company, to become the world’s first trillionaire, though governance concerns arise due to his 84% voting control and lack of independent board oversight.
SpaceX finalized a $75 billion private funding round from global financial institutions, setting the stage for the highest-value Initial Public Offering (IPO) in history. The shares were sold at $135 each, valuing the company at $1.8 trillion upon its Nasdaq listing. This valuation could propel Elon Musk, who retains a 40% stake, toward becoming the world’s first trillionaire, with Oppenheimer predicting further gains if the stock reaches $190 per share. The funding round was completed just hours before SpaceX’s public debut, marking a milestone for the aerospace and AI-driven company. Institutional investors rushed to secure stakes before trading began, reflecting strong market confidence in SpaceX’s growth potential. However, the IPO introduces governance risks due to SpaceX’s dual-class share structure, granting Musk 84% voting power. This structure exempts the company from appointing independent board members, raising concerns about unchecked decision-making, including executive compensation and controversial deals. Analysts at Harvard Law School warn this lack of oversight could lead to conflicts of interest, especially after SpaceX absorbed Musk’s AI startup xAI, which acquired X (formerly Twitter) in 2025. Despite these risks, the IPO is seen as a benchmark for the tech sector, potentially paving the way for other high-profile AI firms like Anthropic and OpenAI to enter public markets later this year. The move underscores SpaceX’s dominance in both space exploration and artificial intelligence, solidifying its position as one of the most valuable corporations globally.
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