Elon Musk’s commercial space company, SpaceX, is aiming to go public in June of this year.
The company outlined details of its highly anticipated initial public offering (IPO) at a meeting with its bankers held on April 6.
At the meeting, SpaceX said that it aims to hold its IPO roadshow in early June and will set aside a large portion of its shares for individual retail investors.
SpaceX executives reportedly told bankers from Morgan Stanley (MS), Goldman Sachs (GS), and 19 other banks that they want retail investors to play a bigger part than any IPO in history.
Typically, it is difficult for individual investors to gain access to pre-IPO stock. But Musk wants to reward the retail investors who support his electric vehicle (EV) company Tesla (TSLA).
SpaceX is expected to be the biggest IPO ever as the rocket maker seeks to raise $75 billion U.S. at a $1.75 trillion U.S. valuation.
Management at SpaceX said they plan to launch the IPO roadshow the week of June 8, when executives and bankers will pitch the share sale to investors.
On June 11, SpaceX plans to host 1,500 retail investors at what management calls a major investor event.
In addition to the U.S., retail investors in the United Kingdom, Europe, Australia, Canada, and Japan will have the opportunity to participate in the IPO.
The structure of the deal and precise amount of the stock set aside for retail investors will be finalized closer to the IPO’s launch.
However, media reports say that Musk wants to set aside up to 30% of SpaceX’s shares for individual investors, compared with 5% for most IPOs.
In February of this year, SpaceX merged with Musk’s artificial intelligence start-up company xAI, lifting its valuation to $1.75 trillion U.S. from $800 billion U.S. in December 2025.
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