SpaceX’s $75B IPO Could Be the Biggest Ever — But Who Really Gets Control?

SpaceX says it plans to raise $75 billion in a blockbuster IPO that could value the company near $1.77 trillion — potentially making it the biggest public offering in history. But the bigger story may be control. Even after the IPO, Elon Musk would still hold nearly half the shares and about 82.4% of voting power through special voting shares, meaning public investors could fund SpaceX’s next phase without gaining much influence. The filing points to rockets, Starlink, AI, and even space-based data centers as part of SpaceX’s future. The question is whether investors are backing proven economics — or paying in advance for a vision the market hasn’t fully validated. Source: CNN Business https://edition.cnn.com/2026/06/03/business/spacex-ipo-valuation-musk

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