---
type: source
title: "SpaceX IPO Timeline: $75B Raise, $1.75T Valuation, June 2026 Nasdaq Listing"
author: "Multiple (Motley Fool, TechStackIPO, ARK Invest, Reuters)"
url: https://www.fool.com/investing/2026/04/27/spacex-ipo-timeline-every-important-date-need-know/
date: 2026-04-27
domain: space-development
secondary_domains: [internet-finance]
format: article
status: unprocessed
priority: medium
tags: [spacex, ipo, starlink, valuation, nasdaq, timeline, capital-markets]
intake_tier: research-task
flagged_for_rio: ["SpaceX IPO at $1.75T valuation is the largest-ever IPO and the primary test case for whether space economy capital formation can occur at civilizational scale. Rio should evaluate the IPO mechanics, retail allocation (30%), and ARK's $1.75T floor argument."]
---

## Content

Consolidated timeline for SpaceX IPO based on multiple sources (April 27-30, 2026):

**IPO mechanics:**
- Confidential S-1 filed: April 1, 2026
- Public S-1 filing: approximately April 21, 2026 (confirmed by Reuters exclusive)
- Public prospectus: May 15-22, 2026 (required ≥15 days before marketing per SEC rules)
- Investor roadshow: Week of June 8, 2026
- Major retail investor event: June 11, 2026
- Nasdaq listing target: Late June / early July 2026

**Offering details:**
- Valuation target: $1.75 trillion (post-money)
- Raise: up to $75 billion (vs. Saudi Aramco's record $29.4B in 2019 — would be 2.5x largest ever)
- Retail investor allocation: 30% (unusually large; typical is 5-10%)
- Ticker: SPCE on Nasdaq (tentative)
- Share price: approximately $525/share implied (TechStackIPO)

**ARK Invest analysis:**
- ARK's "SpaceX IPO Guide" argues $1.75T "may not be the ceiling"
- ARK models Starlink growing to $100B+ annual revenue by 2030 (from $11.4B in 2025)
- xAI integration adds AI services layer not captured in satellite-pure valuations

**Financial data (from S-1):**
- Starlink revenue 2025: $11.4B, EBITDA $7.2B, adjusted margin 63%
- Starlink subscribers: 10M+ as of February 2026 (roughly doubling annually)
- SpaceX disclosed Starlink generates sufficient cash to fund Starship development without external capital

**Note:** Conflicting revenue figure — one source cites $16B 2025 Starlink revenue vs. $11.4B. The $11.4B is the S-1-sourced figure (more authoritative). The $16B may include other SpaceX revenue or be a 2026 projection.

## Agent Notes
**Why this matters:** The IPO crystallizes SpaceX's economic model into public data. The 63% Starlink margins and $11.4B revenue confirm the flywheel thesis (Starlink funds Starship). The $75B raise would be the largest capital event in space economy history. Whether the $1.75T valuation is justified depends heavily on xAI integration credibility — which the S-1 self-disclosure on orbital DCs (separate archive) significantly complicates.
**What surprised me:** 30% retail allocation is genuinely unusual and potentially reflects political/reputational strategy — making Starship "the people's rocket" by enabling broad public ownership. This is a narrative play, not just capital markets mechanics.
**What I expected but didn't find:** Hard data on Starship revenue or cost-per-flight from the S-1. The confidential filing apparently does not disclose Starship program economics separately from Starlink.
**KB connections:** [[SpaceX vertical integration across launch broadband and manufacturing creates compounding cost advantages that no competitor can replicate piecemeal]], Belief 7 (single-player dependency), [[launch cost reduction is the keystone variable that unlocks every downstream space industry at specific price thresholds]]
**Extraction hints:** Primary claim: "SpaceX's $75B IPO at $1.75T target valuation — if completed — would be 2.5x the largest IPO in history, validating the space economy as a capital-markets-scale industry and making Starlink's flywheel financially transparent for the first time." Confidence: experimental (IPO not yet completed; valuation subject to market).
**Context:** Do NOT duplicate the April 30 archive on Starlink revenue/margins — that covers the financial details. This archive covers the IPO mechanics, timeline, and market-scale significance.

## Curator Notes (structured handoff for extractor)
PRIMARY CONNECTION: `2026-04-30-spacex-ipo-s1-starlink-revenue-margins-ipo-details.md` — this is complementary, not duplicate
WHY ARCHIVED: The $75B raise scale and June timeline are new specifics not in April 30 archive. 30% retail allocation is a distinct narrative claim.
EXTRACTION HINT: Focus on the IPO scale (largest ever) and retail allocation (unusual structure) as the extractable claims. Financial details are in the April 30 archive.
