SpaceX is expected to debut on the Nasdaq on June 12. REUTERS With an expected IPO date of June 12 on Nasdaq, SpaceX is yet to reveal exactly how much money it’s aiming to raise and what valuation it expects. With investor feedback determining the sums in the coming weeks, observers are predicting a roughly $80 billion fundraising round and a historic valuation around $1.5 trillion. The massive public listing would eclipse Saudi Aramco, which raised a record-setting $26 billion when it went public in 2019. A public listing for SpaceX – which enables existing shareholders to sell stock and everyday investors to buy shares – has tantalized the business world for years. Musk’s Texas-based company revolutionized the space industry when it figured out how to land rockets upright, which lowered the cost of launches by making rockets reusable. It has regularly launched payloads into space for NASA and flung private satellites into orbit. Among the new details in Wednesday’s filing were total capital expenditures at SpaceX of an eye-watering $20.7 billion. A public listing for SpaceX – which enables existing shareholders to sell stock and everyday investors to buy shares – has tantalized the business world for years. REUTERS The company’s launch and satellite businesses burned through combined $8 billion in capex last year while its AI business spent $12.7 billion. SpaceX is rushing to finish building its new Starship rocket and xAI has spent mountains of cash building data centers. According to the filing, SpaceX made $18.6 billion in revenue in 2025, up 33% from a year earlier. The company reported a net loss of $4.3 billion for the three months ended March 31. Despite the lofty revenue projections, SpaceX’s sales metrics lag behind some of its soon-to-be public market brethren. Its sales came to $18.7 billion last year, when it lost $4.9 billion. According to an analysis by the Wall Street Journal, the top 15 US companies are valued at roughly seven times their sales. SpaceX, if ultimately valued at $1.5 trillion, would be valued at 80 times its sales.