A SpaceX Falcon 9 rocket is displayed outdoors a Space Exploration Technologies Corp. facility in Hawthorne, California, on March 26, 2026.
Patrick T. Fallon | Afp | Getty Images
SpaceX outlined particulars of its extremely anticipated IPO at a gathering with its workforce of bankers Monday evening, telling them it plans to earmark a big portion of shares for retail buyers and can host 1,500 of them at an occasion in June following the IPO roadshow launch, based on two folks acquainted with the matter.
“Retail is going to be a critical part of this and a bigger part than any IPO in history,” Chief Financial Officer Bret Johnsen mentioned throughout the digital assembly, the 2 folks mentioned, asking to not be recognized as a result of the dialogue was non-public.
Johnsen mentioned the massive retail part is by design as “those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that.”
Reuters reported final month that SpaceX is rewriting the IPO playbook with a big retail portion within the providing.
The assembly introduced collectively the complete syndicate for the primary time as a part of the method for what is predicted to be the most important preliminary public providing ever because the rocket maker seeks to boost $75 billion, valuing SpaceX at as a lot as $1.75 trillion, Reuters has beforehand reported.
The Elon Musk-led firm plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to buyers, the folks mentioned. About 125 monetary analysts from the 21 banks on the deal are scheduled to satisfy with the corporate the day earlier than, they added.
On June 11, SpaceX plans to host 1,500 retail buyers at what the folks described as a significant investor occasion. In addition to the U.S., on a regular basis retail buyers within the UK, EU, Australia, Canada, Japan and Korea would have the chance to take part within the providing, the folks added.
One of SpaceX’s lead underwriters instructed the group of 21 funding banks the retail demand and allocation can be one thing they’ve “never seen before,” the 2 folks mentioned.
The construction of the deal and exact quantity of the retail allocation are anticipated to be finalized nearer to the IPO launch, they mentioned.
Reuters beforehand reported that founder Elon Musk needed to put aside as much as 30% of the corporate’s shares for smaller buyers, in contrast with 5% to 10% for many corporations.
The firm plans to make its IPO prospectus public in late May, they mentioned.
SpaceX didn’t instantly reply to a request for remark.
Morgan Stanley, Bank of America, Citigroup, JP Morgan and Goldman Sachs are main the deal as energetic bookrunners, with 16 different banks in smaller roles spanning institutional, retail and worldwide channels, Reuters beforehand reported.
The $1.75 trillion goal represents a major step up from the $1.25 trillion mixed valuation set when SpaceX merged with Musk’s synthetic intelligence startup xAI in February.
Typically, SpaceX’s roughly twice-yearly tender gives — through which workers and buyers are capable of promote their current shares, permitting them to money out from an organization that has remained non-public for practically 25 years — have served as the first valuation anchor. The most up-to-date, in December 2025, valued the corporate at $800 billion, earlier than the merger with xAI.
