SpaceX seen as historic $75 billion IPO candidate as filing highlights 18,712 BTC treasury

SpaceX is pursuing an initial public offering that earlier reports said would raise about $75 billion, potentially the largest IPO on record, and an SEC filing highlighted that the company holds 18,712 BTC in its treasury. Polymarket traders priced an 88% chance that the company will raise between $70 billion and $80 billion, with the contract up 20% on the day and set to resolve using SEC final prospectus data excluding overallotment shares and private secondary trades. Earlier reporting said SpaceX plans to sell 555.6 million shares at $135 each, implying about $75 billion in proceeds and a valuation of about $1.77 trillion, with a planned Nasdaq listing on June 12. Pre-IPO trading on trade.xyz quoted SPCX at $189, or 28.5% above the planned IPO price. Separate reports said SpaceX was negotiating underwriting fees to below 0.75%, while Jefferies’ omission from the underwriting syndicate was viewed by some market participants as a possible avenue for short-selling activity after the listing. The Bitcoin treasury disclosure adds a crypto dimension to a closely watched public-markets deal, linking one of the most prominent expected listings to corporate digital-asset holdings at a time when investors are increasingly assessing how crypto exposure appears on company balance sheets.