SpaceX’s Nasdaq debut puts Elon Musk’s control structure under a microscope today
The IPO lands on Nasdaq as critics question Musk’s near-absolute ownership, and the filings force boards to look hard.

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The IPO lands on Nasdaq as critics question Musk’s near-absolute ownership, and the filings force boards to look hard.
Elon Musk's rocket company prices its world-scale IPO at $135 per share, moving into public markets immediately.
SpaceX moves from rumor to price point: $135 per share signals a new bar for private-market exits and public-market gravity.
Trading starts June 12 at $135, but analysts are split over a $72-per-share “option premium” on orbital AI dreams.
The ChatGPT maker’s filing joins Anthropic’s AI listing wave and turns “someday” into a real timing option.
A massive Google-SpaceX compute deal lands just a week before SpaceX’s IPO, signaling demand and leverage shifts in space infrastructure.
SpaceX wants to raise up to $75bn at $135 a share, but critics say the fixed-price deal may leave buyers overpaying before book building even starts.
The filing fixes SpaceX at 555.6 million shares at $135 apiece, while Musk still controls 82.4% of voting power and public buyers get a sliver of the float.
A fixed $135 IPO roadshow price would put SpaceX at $1.75 trillion, a milestone that reshuffles how founders, boards, and public-market investors compare private and listed giants.