SpaceX IPO Date, Price, and Stock Split: What Investors Need to Know

TLDR

• SpaceX split its stock five-to-one ahead of an IPO that could value it at up to $2 trillion
• The IPO could raise $75 billion, with a roadshow expected in early June
• Musk’s pay package includes up to 260 million shares, potentially worth $500 billion
• Musk will hold supervoting shares, giving him majority control of SpaceX
• Space-related stocks jumped in premarket trading Monday following Musk’s IPO comments

SpaceX split its stock five-to-one ahead of what could be one of the largest IPOs in history. The company is moving closer to going public, with new details emerging about its stock structure, Musk’s pay, and what it means for investors.

The Stock Split and IPO Timeline

SpaceX split its stock five-to-one before its planned IPO. The split brings the private market price to around $100 per share. The IPO price could land closer to $160.

The company filed its paperwork confidentially with the SEC in late March or early April. Investors expect full access to the filing this week. A roadshow is set to begin in early June, with the IPO expected to close before July.

The IPO could raise $75 billion and value SpaceX at up to $2 trillion. Retail investors are expected to play a big role. Many of them already hold Tesla shares.

Stock splits are more common after a company goes public. SpaceX doing one before its IPO is unusual. The lower share price may make it easier for smaller investors to buy in.

Musk’s Pay Package and Voting Control

Musk will receive no salary. Instead, he gets up to 260 million shares tied to hitting specific targets. Those targets include growing SpaceX’s market value to $7.5 trillion, establishing a Mars colony, and putting AI computing in space.

If all targets are hit, that stock could be worth around $500 billion. That would bring his total estimated SpaceX stake to around $3.5 trillion.

The structure mirrors his pay deal at Tesla. Tesla shareholders approved a plan to give Musk more than 420 million shares if he grows Tesla’s market cap to $8.5 trillion.

Musk’s SpaceX shares will carry supervoting rights. That gives him majority control of the company. He has previously said he wanted 25% voting control at Tesla to protect his position there.

SpaceX did not respond to requests for comment on either the split or the pay deal.

Space Stocks React

Space-related stocks moved higher in premarket trading on Monday after Musk said he needs to get the SpaceX IPO moving forward soon. He made the comments while in Texas.

EchoStar rose 6.3%. Intuitive Machines jumped 5.1%. Rocket Lab climbed 3.4%. AST SpaceMobile added 2%. Viasat gained 1.4%. York Space Systems rose 6.5%, and Firefly Aerospace added 3.9%.

The moves came ahead of the expected release of SpaceX’s full S-1 registration statement this week.

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