SpaceX IPO Prospectus Expected in Days as Roadshow Starts June 8

SpaceX is preparing to file its public IPO prospectus in the next couple of days, after privately submitting IPO papers to the U.S. SEC in April. The company could release the public version as soon as next week, ahead of a planned investor roadshow starting June 8. The listing is tied to SpaceX’s recent merger with xAI, valuing the combined business at about $1.25 trillion. SpaceX targets raising $70 billion to $75 billion, though estimates cited by the Wall Street Journal suggest a wider $40 billion to $80 billion range. Brookfield has already bought about $2 billion of SpaceX shares at the current pre-IPO price, with roughly $1 billion held directly and the rest through affiliates. Bankers are also looking beyond typical U.S. investors to place an unusually large IPO allocation, including outreach through broker networks in countries such as the UK, Japan, and Canada. The goal is to find long-term holders rather than purely opportunistic demand. Separately, major U.S. pension leaders have urged Elon Musk to drop control-related terms before the SpaceX IPO. New York State Comptroller Thomas DiNapoli, New York City Comptroller Mark Levine, and California’s pension chief Marcie Frost sent a letter raising concerns about “extreme” governance provisions, including voting power, potential CEO dismissal veto rights, shareholder liability protections, and mandatory arbitration. SpaceX’s IPO prospectus could be released around the time of its 12th Starship test launch planned for May 19.