SpaceX’s $75bn initial public offering, set to be the largest in history, will reserve up to a quarter of shares for retail investors, according to documents seen by the *Financial Times* . The move underscores Wall Street’s eagerness to court individual buyers for Elon Musk’s rocket company, which is targeting a $1.78tn valuation . Goldman Sachs now expects SpaceX’s artificial intelligence revenue to surge 100-fold by 2030, further stoking demand .
The IPO, priced at $135 per share, has drawn unprecedented attention from major banks and stock exchanges, with pre-IPO investor events described as “glitzy” by Reuters . Analysts note that SpaceX’s push to include retail investors mirrors broader efforts to democratise access to high-growth tech listings. “Banks and stock exchanges have bent over backwards for the historic IPO,” the *FT* reported .
The timing coincides with a broader race among AI giants to go public. Anthropic initiated its IPO process on 1 June, just days after SpaceX’s announcement, while OpenAI is also exploring a public listing, according to *Le Monde* . Industry observers suggest the first to list could dominate the sector by securing early capital inflows.
Goldman Sachs’ projection of a 100-fold increase in SpaceX’s AI revenue by 2030 reflects the company’s expanding ambitions beyond rocket launches. The firm’s valuation of $1.78tn—nearly double Apple’s current market cap—hinges on its dual role as a space pioneer and AI innovator . Meanwhile, US officials are reportedly eyeing government stakes in AI firms, adding another layer of strategic significance to SpaceX’s IPO .
Retail investors, however, face risks. Hedge funds are increasingly betting against sectors vulnerable to AI disruption, such as call centres, highlighting the volatility that could accompany tech IPOs . SpaceX’s decision to prioritise individual buyers may mitigate some concerns, but the sheer scale of the offering—$75bn—ensures it will be closely watched. With Musk’s company poised to redefine both space exploration and AI, the IPO is as much a financial event as it is a cultural one.
SpaceX's 75bn IPO reserves 25 for retail investors amid AI revenue surge