SpaceX raises Japan IPO target to $2.5B amid roadshow

SpaceX raised its Japan fundraising target to $2.5 billion, a 25% increase driven by strong retail demand, according to Bloomberg.bloomberg
The company aims to raise $75 billion at a $1.77 trillion valuation, with shares set to price June 11 and begin trading June 12 on Nasdaq ↘1.26%.cnbc
Users in China and Hong Kong were unable to access SpaceX’s IPO website or documents Friday, with Cloudflare ↘1.24% citing a likely regional ban.reuters

SpaceX IPO Roadshow Kicks Off as Japan Offering Boosted 25%

SpaceX launched its investor roadshow on Wednesday, beginning the final stretch toward what is poised to be the largest initial public offering in history. The company also raised its Japan fundraising target by 25% to $2.5 billion, citing strong retail investor demand, according to Bloomberg.bloomberg

Record-Breaking Offering Takes Shape

SpaceX filed with the Securities and Exchange Commission on Wednesday to sell 555.6 million shares at a fixed price of $135, aiming to raise $75 billion and achieve a valuation of approximately $1.77 trillion. The company plans to debut on the Nasdaq on June 12 under the ticker SPCX, with pricing set for June 11.cnbc

The offering would surpass the 2019 Saudi Aramco listing — previously the largest IPO ever — by more than three times. Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase are leading the deal. Elon Musk is expected to retain over 82% of voting control following the offering.bloomberg

SpaceX unveiled a dedicated IPO website on Thursday for retail investors, with Fidelity making the offering available to customers with as little as $2,000 in their brokerage accounts. The company has reportedly reserved up to 30% of the offering for retail investors, far exceeding the typical allocation.basenor

Wall Street Bets on AI Growth

Goldman Sachs projects SpaceX’s AI division revenue will surge from $3.2 billion in 2025 to $322 billion by 2030 — roughly a 100-fold increase — helping justify the company’s valuation. Evercore ISI expects AI revenue to reach $755 billion by 2031, with the division growing from less than one-fifth of total revenue to 74%. The analysts project total company revenue of roughly $474 billion to $486 billion by 2030.yahoo

China and Hong Kong Blocked From Access

Separately, SpaceX’s website and IPO marketing documents were found to be inaccessible on Friday in mainland China and Hong Kong, according to Reuters. Web security provider Cloudflare said the most common explanation for such an error is that the website owner “has banned” the country or region from accessing the site. The restriction effectively bars investors in those markets from viewing the company’s prospectus and roadshow materials.reuters