SpaceX has scheduled its investor roadshow for the week of June 8, putting the largest IPO in history on a clear timeline. The company is targeting a $1.75 trillion valuation and plans to raise more than $75 billion in new capital. The most notable detail for everyday investors: SpaceX plans to set aside up to 30% of shares for retail buyers. That is three to six times the typical allocation.
May 7, 2026
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SpaceX filed a confidential S-1 with the SEC on April 1. The company plans to make its prospectus public in late May. That document will give the first detailed look at the company's financials, risks, and use of proceeds.
The roadshow kicks off the week of June 8. On June 11, SpaceX will host 1,500 retail investors at what insiders describe as a major investor event. About 125 analysts from the 21 banks on the deal will meet with the company the day before.
Morgan Stanley, Goldman Sachs, JPMorgan, Bank of America, and Citigroup are leading the deal. Sixteen other banks are handling institutional, retail, and international channels. A Nasdaq listing is expected by the end of June.
In a typical IPO, retail investors get 5% to 10% of available shares. Most of the stock goes to large institutions. By the time regular buyers can purchase, the price has often already jumped.
SpaceX is doing something different. CFO Bret Johnsen said "Retail is going to be a critical part of this and a bigger part than any IPO in history." Musk has pushed for up to 30% retail allocation. Retail investors in the US, UK, EU, Australia, Canada, Japan, and Korea will be able to participate.
This matters because it gives individual investors a real chance to buy at the offering price, not the marked-up price that typically follows the first day of trading.
The $1.75 trillion target is a step up from the $1.25 trillion combined valuation set when SpaceX merged with Musk's AI startup xAI in February. The company reported $18.67 billion in 2025 revenue, with $20 billion projected for 2026 and $14 billion in EBITDA.
At $1.75 trillion, SpaceX would be valued at roughly 88 times 2026 revenue. That is expensive by almost any measure. But the Kalshi prediction market gives the IPO a 90% chance of happening by September 30, and demand from both institutions and retail appears strong.
For comparison, Tesla trades around 15 times revenue. Amazon trades around 3.5 times. SpaceX's premium reflects the market's bet on Starlink's growth and the space economy's long runway.
Watch for the public S-1 filing in late May. That is the first chance to see audited financials, segment breakdowns (Starlink vs. launch services vs. xAI), and how SpaceX plans to use the $75 billion it raises.
If you want to participate at the IPO price, start watching your brokerage platform now. Most major brokers will offer access to their clients, but demand will far exceed supply even with the larger retail allocation.