SpaceX is set to go public on the Nasdaq around June 12, 2026, under the ticker SPCX, in what’s shaping up to be the largest initial public offering in history. The company plans to price shares at $135 each, offering approximately 555.6 million shares with a target of raising roughly $75 billion.

At that price, SpaceX would command a market capitalization between $1.77 trillion and $1.8 trillion.

The path to trillionaire territory

His estimated 38% stake in SpaceX would be valued at roughly $644 billion to $866 billion at the IPO price. Combine that with his existing Tesla holdings, and his total net worth starts flirting with the $1 trillion mark.

If shares climb even modestly after the debut, say to around $138.50, Musk would cross the trillionaire threshold. That’s a price increase of about 2.6%.

SpaceX filed confidentially with the SEC back in April 2026, followed by a public S-1 registration statement around May 20. The filing outlined the company’s core operations: reusable rocket technology, satellite deployments through its Starlink internet service, and artificial intelligence initiatives via xAI.

Starlink has emerged as a profitable segment of the business. The satellite internet constellation serves millions of users globally, providing SpaceX with a recurring revenue stream that differentiates it from a pure space launch company.

Valuation questions and market appetite

Some analysts have raised concerns that the $1.8 trillion valuation might not fully reflect SpaceX’s current revenue realities or the risks inherent in the business.

The greenshoe option could push the total share count even higher, potentially diluting early investors while raising additional capital.

What this means for crypto investors

SpaceX has reportedly held Bitcoin on its balance sheet, which matters because a public listing would bring that treasury strategy into full view through quarterly financial disclosures. Every 10-Q filing would reveal exactly how much Bitcoin the company holds, how it’s accounted for, and whether the position is growing or shrinking.

If SpaceX maintains or expands its Bitcoin holdings as a publicly traded company, it would join a growing list of corporations treating Bitcoin as a legitimate treasury asset.

The broader dynamic to watch is whether a blockbuster tech IPO pulls capital away from crypto markets or actually amplifies risk appetite across the board. If SpaceX shares disappoint post-IPO, or if the valuation proves too rich for the market to digest, it could trigger a broader risk-off mood that drags crypto down with it.