SpaceX confirmed details for its Nasdaq Initial Public Offering. The company will offer 555.6 million Class A shares. Each share is priced at $135. This aims to raise $75 billion on June 12, 2026. The offering implies a $1.75-$1.78 trillion valuation. This valuation surpasses all S&P 500 aerospace and defense firms combined. It could draw capital from smaller space companies. A broad selloff in aerospace and defense stocks occurred in early June 2026. Howard Morgan, Chairman of B Capital, called the IPO "overpriced." Morningstar calculated a fair value of $63 per share. It warned of a "major disconnect" in market expectations. Michael Field advised investors to "sit out the IPO." He cited "extremely speculative" valuation. Senator Elizabeth Warren requested an IPO delay. She raised concerns over valuation and governance. New Street Research initiated bullish coverage. The firm set a $165 per share price target. It forecasts $195.3 billion revenue by 2030. Goldman Sachs projected over $474 billion revenue by 2030. Sequoia Capital's Shaun Maguire cited partnerships and Starlink growth. He predicted a $50 billion revenue run rate in Q4.
