SpaceX briefed its 21-bank underwriting team on April 7, targeting an IPO roadshow week of June 8 and a prospectus publication in late May, aiming to raise approximately $75 billion at a valuation of up to $1.75 trillion — roughly $500 billion higher than its February secondary valuation. The company plans to reserve up to 30% of shares for retail investors, which CFO Bret Johnsen described as "a bigger part than any IPO in history"; a June 11 event will host 1,500 retail investors. SpaceX generated roughly $15–16 billion in revenue and $8 billion in profits in early 2026 across Starlink, Starship, and xAI operations.