SpaceX says its worth $1.75tn as it nears stock market debut

Elon Musk's SpaceX has said it is even more valuable than anticipated as it approaches a public stock listing set for next week.

In an filing with the US Securities and Exchange Commission detailing its plans for an initial public offering (IPO), SpaceX said its shares should go for $135 (£100) each, ratcheting up its own valuation of the firm to roughly $1.75tn.

Setting an estimated price for its stock listing so far in advance is a rare move, and the amount represents a large increase in SpaceX's previous valuation of $1.25tn earlier this year.

The revelation does not mean its shares will sell for the proposed price, as it will ultimately be decided by buyers. The price could go up or down.

SpaceX, which builds space exploration rockets and infrastructure but also owns xAI and Starlink , revealing its estimated share price more than a week before its public debut is unusual.

Companies typically only share an estimated sell price the day before they begin trading on the open market.

SpaceX is expected to start trading on the Nasdaq stock index on 12 June, making its price estimate one of, if not the earliest price estimates, in stock market history.

Should the company's shares sell at or above the expected $135 price, it will immediately become one of the most valuable companies in the world.