Elon Musk is giving Tesla's longest-serving shareholders a front-row seat to what could become the largest IPO in history.
SpaceX is preparing for its blockbuster public debut, and investors who have held Tesla shares for more than a decade are receiving special access to IPO allocations through E*TRADE, fulfilling a promise Musk made years ago to reward loyal retail investors.
The aerospace giant plans to raise $75 billion by selling 555.6 million shares at $135 each, valuing SpaceX at an eye-popping $1.77 trillion. Shares are expected to price on June 11 and begin trading the following day.
Tesla Shareholders Get VIP Access
E*TRADE's special allocation program gives long-term Tesla investors additional consideration when applying for SpaceX IPO shares. The initiative traces back to Musk's 2020 and 2021 commitments that retail investors and loyal Tesla holders would receive priority access whenever SpaceX eventually went public.
In another retail-friendly move, Fidelity has reportedly reserved up to 30% of IPO shares for individual investors, significantly above the typical allocation seen in major listings.
Massive Growth Vision Fuels Demand
Investor interest has surged following a JPMorgan-led roadshow where Musk outlined ambitious plans to expand Starlink and develop orbital AI infrastructure.
SpaceX projects a $28.5 trillion total addressable market, spanning satellite internet, launch services, direct-to-cell communications, and AI-powered space infrastructure—an opportunity the company describes as the largest actionable market in history.
A Bet on Musk and AI
While valuation experts, including renowned professor Aswath Damodaran, believe the IPO is richly priced, many investors remain focused on Musk's track record of transforming ambitious visions into market-leading businesses.
Damodaran noted that despite valuation concerns, strong momentum and investor enthusiasm could push shares higher after listing, describing SpaceX as a significant wager on both artificial intelligence and Musk's leadership.
Merger Speculation Adds Excitement
The IPO filing also revived speculation about potential future partnerships or stock-based transactions involving SpaceX and Tesla. Some market observers have even floated the possibility of a future merger, although no such plans have been announced by either company.
Why Investors Are Watching
With Tesla facing one of its most challenging years since 2022, many investors see SpaceX as a new avenue to participate in Musk's next growth story. Strong retail demand, a record-breaking valuation, and exposure to AI and space technology have positioned the IPO as one of the most anticipated market events of the decade.
By - Shahzad Ahmad
(Market Analyst | Investor | Trader | Strategist)
June 5, 2026 at 10:45 AM (GST)
