SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus SpaceX s proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets. By Helene Braun | Edited by Nikhilesh De Jun 3, 2026, 10:31 p.m. 2 min read Make preferred on (Brandon Bell/Getty Images) What to know : SpaceX plans to price its initial public offering at $135 a share, which would raise about $75 billion and value the company at roughly $1.75 trillion. The listing would bring SpaceX’s 18,712-bitcoin treasury, worth about $1.29 billion as of March 31, into public markets and give shareholders indirect exposure to the cryptocurrency. Investors and analysts are watching how the IPO, along with other large tech and AI fundraisings, could divert risk capital from crypto and whether any future combination of SpaceX and Tesla would concentrate one of the largest corporate bitcoin holdings. SpaceX is planning to set the price of its initial public offering at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange Commission.