SpaceX kicked off its IPO roadshow yesterday — and the numbers are simply staggering. Elon Musk’s rocket, satellite, and AI company is looking to raise $75 billion. For context: Saudi Aramco’s record IPO in 2019 brought in $29.4 billion. SpaceX would more than double that.
The Numbers
555.6 million shares at a fixed price of $135 each. No price range, no bookbuilding — Musk is doing it his way. The implied valuation sits at roughly $1.77 trillion. That would make SpaceX one of the most valuable companies on the planet before a single share changes hands.
Marketing starts June 4, pricing could happen as early as June 11.
Why This Matters for AI
SpaceX isn’t just rockets anymore. The company runs Colossus 1, one of the world’s largest AI data centers. Anthropic signed a deal in May for the entire compute capacity of Colossus 1 — over 220,000 NVIDIA GPUs, 300+ megawatts. The price tag: $1.25 billion per month.
Part of the IPO proceeds will fund further AI infrastructure expansion. SpaceX and Anthropic are even exploring whether orbital AI data centers could become a reality.
What to Make of It
Setting a fixed price instead of a range breaks with Wall Street convention. But Musk has never been one for conventions. The question is whether the market will play along at $1.77 trillion — or whether even the AI boom has its limits.
For Anthropic and Claude users, the IPO has a direct implication: more capital at SpaceX means more compute buildout, which could further ease capacity constraints for Claude over time.