SpaceX's IPO is entering its final week before trading begins on June 12. The offering has attracted attention for its size, retail investor access, exposure to Starlink and xAI, and the valuation SpaceX is seeking in public markets.

On June 5, SpaceX increased the size of its Japan offering to $2.5 billion after the initial $2 billion allocation was oversubscribed. Regulatory filings show that between 14.8 million and 18.5 million shares are expected to be sold in Japan at the same fixed price.

Here are seven things investors are watching before SPCX begins trading.

/1. SpaceX wants a $1.75 Trillion valuation at $135 per share

SpaceX plans to sell 555.6 million shares at a fixed price of $135 each, giving the company a target valuation of about $1.75 trillion. The company expects to raise $75 billion through the offering. The previous record IPO was Saudi Aramco in 2019, which raised $29.4 billion.

Unlike most major IPOs, SpaceX has set a fixed price rather than a pricing range. Final pricing is scheduled for June 11, with trading expected to begin on June 12. At the proposed valuation, SpaceX would trade at roughly 94 times its reported 2025 revenue of $18.67 billion.

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