SpaceX Prices Record $75 Billion Stock Sale

SpaceX works in three areas: space travel, internet through its Starlink satellite network, and artificial intelligence. Although it is now public, Musk will keep almost total control, holding more than 84% of the voting power, and he could become the world's first trillionaire. However, some experts doubt the price. The research group Morningstar believes each share is worth only $63, and US Senator Elizabeth Warren asked regulators to delay the sale over concerns about its value and management.

Despite these doubts, investor demand was very strong. The offer was three to four times oversubscribed, and ordinary investors alone placed more than $100 billion in orders. Because only about 20% of shares were saved for individuals, most small buyers will not get any stock. The excitement continues even though SpaceX lost $4.9 billion in 2025 on revenue of $18.7 billion. Analysts called the listing an important moment for technology and expect it to help other AI companies, such as Anthropic and OpenAI, sell shares to the public later this year.