SpaceX has set its share price at an estimated $135 for the upcoming IPO, which could be the largest in history, raising $74.4 billion and capitalizing $1.75 trillion. The final price will be announced on 11 June, and the bidding starts on 12 June. For Elon Musk, who owns ~50% of the company, this means a potential fortune of $752 billion and the world’s first trillion.

The SEC’s release of draft documentation revealed key financial details: for example, Anthropic is paying SpaceX-xAI a joint venture $1.25 billion monthly until 2029 for access to data centers, and social network X lost $595 million in advertising revenue in 2024. The IPO funds will be used for ambitious projects, including the creation of orbital data centers.

This is a grouping of 1 million satellites in solar synchronous orbit (500-2000 km) that will generate computing power for solar AI. According to Musk, by reducing launch costs, such an approach could be the cheapest way to scale up AI infrastructure in the coming years.