SpaceX IPO: BlackRock Eyes $10 Billion Investment in 'Orbital AI'

According to insider information released by Reuters and The Information on Monday, May 18, 2026 (UTC), SpaceX has accelerated preparations to conduct the largest initial public offering (IPO) in global financial history. The aerospace company led by Elon Musk is considering listing its shares on the Nasdaq under the preliminary ticker **SPCX** on June 12, 2026 (UTC), aiming to raise up to $75 billion with a target valuation of $1.75 trillion, based on preliminary projections.

Driving this bold move is investment giant BlackRock, which is in preliminary discussions to make a potential historic investment of $5 billion to $10 billion, acting as the anchor investor of the listing. This investment would come directly from the actively managed funds in BlackRock's portfolio, which total $536 billion in assets under management. The appetite among large individual investors is also high, prompting SpaceX to plan to allocate a generous 30% of the issued shares to retail investors, well above the market norm.

The Expected Timeline and SPCX Projection

To pave the way for a smooth debut without affecting existing shareholders, the company's board has already announced a stock split in a 5-to-1 ratio. The practical result of this adjustment is a reduction in the nominal price of each share from approximately $526 to about $105. It's important to note that the official IPO registration documents are still confidential with the SEC. Thus, the following timeline is based on market estimates and anonymous sources, and is subject to last-minute changes:

IPO Event	Estimated Date (Subject to Change)	Impact and Practical Details
Stock Split Processing	May 18 to 22 (UTC)	5-to-1 split reduces share price to $105
Release of S-1 Prospectus	~May 21 (UTC) (Industry Expectation)	Will make official finances and balance sheets public
Start of Roadshow	~June 4 (UTC) (Source Prediction)	Official presentations to funds and banks
Retail Investor Day	~June 11 (UTC) (Speculated)	In-person presentation for 1,500 retail investors
Pricing and Listing	~June 11 and 12 (UTC) (Preliminary Target)	Final pricing determination and official Nasdaq debut

Starlink and the Merger with xAI: The Orbital AI Infrastructure

The significant valuation gain for SpaceX, however, lies in its strategic transition from a rocket engineering company to a global digital infrastructure provider. In February 2026, SpaceX completed its formal merger with xAI, Musk's artificial intelligence arm responsible for the Grok model. With this union, the satellite internet network Starlink, which has already surpassed an impressive 9 million active global users, has come to be seen as the definitive physical telecommunications network for AI.

Thus, low-earth orbit satellites act as a perfect low-latency network for distributed training of geographically distant neural networks. The corporation's long-term plan includes sending high-performance computing payloads directly into space. The goal is to install compact and efficient data centers outside Earth's atmosphere, bypassing real estate and cooling bottlenecks on solid ground.

While the market awaits the official publication of the public S-1 prospectus of the offering, analysts note that the billion-dollar fundraising will primarily finance the development of the super-heavy vehicle Starship. Elon Musk aims to accelerate the first unmanned missions to Mars, aware that leadership in space launches and the new orbital AI constellation places the company in a unique position of technological sovereignty in the latter half of this decade.