A company that almost went bankrupt in 2008 is now targeting a $1.75 trillion valuation.

SpaceX is targeting a Nasdaq IPO on June 12 under the ticker $SPCX, aiming for a $1.75 trillion valuation.

If it prices at that level, it will be the largest IPO in history, surpassing Saudi Aramco's $29 billion raise in 2019 by nearly 2.5 times.

SpaceX is looking to raise $75 billion in a single offering.

The valuation has more than doubled in just 5 months. In December 2025, SpaceX was valued at $800 billion in its last private tender offer.

After merging with Elon Musk's xAI in February 2026, that jumped to $1.25 trillion. It is now targeting $1.75 trillion at IPO.

In 2008, Elon Musk said he had enough money left for one final Falcon 1 launch. If it failed, SpaceX was done.

It succeeded and That fourth launch saved the company.

The man who was one rocket away from losing everything is now preparing the largest stock market debut in human history.