According to a filing with the U.S. Securities and Exchange Commission on Wednesday, Elon Musk’s SpaceX has set its IPO price at $135 per share before formally starting roadshows. The company plans to sell 555.6 million shares to raise $75 billion. At the offering price, SpaceX would be valued at $1.77 trillion, potentially creating the largest IPO in history—more than three times the size of Alibaba’s U.S. listing, the current record. SpaceX is scheduled to begin trading on Nasdaq on June 12 under the ticker symbol “SPCX.”
On the domestic front, China’s Long March 12B rocket successfully lifted off on June 1 from the Dongfeng Commercial Space Innovation Experimental Zone, deploying the tenth batch of Qianfan constellation satellites into planned orbit. On the same day, the Beijing Economic-Technological Development Zone held a space computing enterprise forum to gather advice on building a space computing industry hub and to plan the establishment of a space computing innovation center.
In a technological breakthrough, a team at Dalian University of Technology has achieved mass production of monolithic rocket propellant tank domes over two meters in diameter, reducing manufacturing cycles by more than 90%. The technology, based on the world’s first large-scale cryogenic forming equipment, overcomes problems of multiple welds, low reliability, material waste, and long lead times. The team has partnered with domestic companies to reach an annual capacity of about 1,000 units, which could significantly lower costs and improve efficiency for high-frequency commercial space launches. Oriental Securities noted that commercial space is a strong thematic track, and recommends focusing on SpaceX supply chain companies, key rocket components, and domestic next-generation satellite technologies. Huatai Securities added that SpaceX’s listing as a global leader in commercial space and AI is expected to boost investment sentiment and confidence in China’s aerospace industry, potentially creating a共振 between U.S. and Chinese capital markets.
