SpaceX IPO could be the largest in history at a $1.76 trillion valuation

[DragonSlayer101]

Forward-looking: SpaceX has set its IPO price at $135 per share, surprising Wall Street analysts who had expected the company to follow convention and establish a price range ahead of this week's roadshow. While some believe the unusual move signals Elon Musk's confidence in strong organic demand for the company's stock, others have expressed doubts about the elevated valuation.

In a regulatory filing on Wednesday, SpaceX said it will offer 555.6 million shares at $135 each, valuing the company at $1.76 trillion. If the IPO is successful, SpaceX would raise $75 billion, potentially shattering the current fundraising record held by Saudi Aramco – the Saudi Arabian state-owned oil company that raised $25.6 billion in its 2019 listing on the Tadawul stock exchange.

The $1.76 trillion target valuation is significantly higher than independent estimates from leading Wall Street firms. Chicago-based financial services provider Morningstar recently valued SpaceX at $780 billion after the company reported a net loss of $4.9 billion on revenue of $18.7 billion in 2025, followed by a further $4.3 billion loss in Q1 2026.

Credit: Bloomberg

SpaceX is reportedly allocating as much as 30% of IPO shares to retail investors instead of relying primarily on institutional buyers. Analysts believe the move is largely aimed at capitalizing on Elon Musk's large retail following, which has remained loyal through a range of controversies. Some observers have also raised concerns that Musk is expected to retain 84% of voting control in SpaceX after the listing.

Much of the IPO proceeds will reportedly go directly to SpaceX, with all shareholders – including Musk – barred from selling their holdings for one year after the listing. According to Fortune, around 78% of the IPO proceeds – roughly $62.8 billion – will be distributed among SpaceX insiders such as Musk and his close associates, as well as affiliated entities, including X and xAI.

The coming months are expected to see a surge in IPO activity on Wall Street after years of relative calm. AI company Anthropic has begun its IPO process by submitting a draft registration statement to the SEC last week, while OpenAI is reportedly preparing a confidential S-1 filing for a public listing targeted for later this year.

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SpaceX IPO could be the largest in history at a $1.76 trillion valuation

 

[netman]

Who the F cares...!

 

[NumberNine]

That's quite a number there, Mr. Musk.

 

[OortCloud]

I expect the White House have been busy insider-trading on this for weeks like they have with a load of other stocks and commodities. Grifting and law breaking seems to be the happening everywhere you look in the administration now.

 

[yRaz]

We have billionaires with trillion dollar IPOs but taking a dump has become more expensive.

 

[Endymio]

Who the F cares...!

Anyone with an ounce of common sense and any understanding of the importance of controlling NEO space in the 21st century.

I expect the White House have been busy insider-trading on this for weeks

Where would the fascist Left be without their lies and disinformation? I'd love to hear how you believe someone can "inside trade" stocks that do not yet exist.

Grifting and law breaking seems to be the happening everywhere you look

It wasn't the current President who pardoned six of his own family members for all past and present felonies, including crimes not yet charged .. the first President in US history to do so.

 

[lostinlodos]

Who the F cares...!

Those of us who care about science. Whatever anyone thinks of the owner/founder is besides the point.

 

[Vandhanakumar66]

Good value price.

 

[umeng2002]

Good for him. Defense contractors had all the head starts on reusable rocket technology in terms of money, brain power, and political clout; but Elon had the vision to do it. SpaceX was almost bankrupt before success. On top of that, they developed their own demand for frequent launches with Starlink.

Now they have the most powerful rocket that is also reusable. They have an actually useful space-based internet network.

 

[axiomatic13]

He could do so much good in the world yet remains an absolutely horrible person.

 

[MasterMace]

I wonder if Wall St bets is gonna short the hell out of it

 

[OortCloud]

Also... I'm surprised Elon has time for this. He's been so busy trying to stir up far right hate and division around the world.
Oh and this picture is not Elon Musk. The guy in the picture is AI generated, Elon is an awkward social misfit and it shows.

 

[Megalomaniac]

Space X isn't profitable.
Starlink is profitable, but I personally think Space X - just like Tesla is overvalued.
Buy at your own risk. I'm not.

 

[Endymio]

Also... I'm surprised Elon has time for this. He's been so busy trying to stir up far right hate and division around the world.
Oh and this picture is not Elon Musk. The guy in the picture is AI generated, Elon is an awkward social misfit and it shows.

Your hatred and envy certainly shows. And it's not Elon inciting assassination attempts against the President, Supreme Court justices, healthcare CEOs, and youth group leaders -- that's the hive mind of the "progressive" fascist Left.

 

[abactuon]

There is not enough money for expensive projects, so they decided to take it from good people.

 

[p51d007]

It still amazes me, that prior to Musk jumping on the Trump train, he was the "darling" of the media, most of the left, the environmentalist and everyone else that loved Tesla, Space X etc.
But once he "jumped the leftist ship", they tossed him to the wind. Just goes to show how politics have screwed up society. We can't have disagreements any more in a civil tone. Now it is you are either blue pill or red pill and if you disagree...you are tossed aside.

 

[godrilla]

I wonder if Wall St bets is gonna short the hell out of it

Like gamestop? Oh wait!

 

[bclaymiles]

There is not enough money for expensive projects, so they decided to take it from good people.

What does this even mean?

 

[abactuon]

What does this even mean?

This means a Ponzi scheme.

 

[bclaymiles]

Selling shares of fractional ownership in a company isn't a ponzi scheme. Furthermore, participation in a ponzi scheme is voluntary (if you're a rube), as is purchasing fractional ownership of a company is voluntary (which is more often than not a wise investment).

No money is being taken from anybody.

 

[Bluescreendeath]

It wasn't the current President who pardoned six of his own family members for all past and present felonies, including crimes not yet charged .. the first President in US history to do so.

President Trump did issue a mass blanket pardon to 1500+ people from Jan 6th (including even the actual rioters who were caught on camera attacking police, breaking stuff, and rioting), and also pardoned criminals who may benefit him and criminals with possible connections to tit-for-tat exchanges:

-pardoning the convicted money-launderer Chinese crypto billionaire Changpeng Zhao who ran Binance and helped create the technology behind and then prop up the Trump family's cryptocoin World Liberty into the billions.
-the pardon of Zhao is not to be confused with the other Chinese billionaire Justin Sun who preemptively bought 30 million in Trump's meme cryptocurrency right around the time he was being investigated and sued by the SEC for defrauding investors and market manipulation.
-pardoning Honduran ex president and drug lord Juan Orlando Hernández who was convicted of trafficking 400+ tons of cocaine into the USA...probably because he belongs to Honduras political party that has close ties to/supports Trump
-pardoning Financier Paul Walczak who got pardoned within a week of his family hosted a $1 million per plate fundraiser at Mar-a-Lago for Trump.
-pardoning his staff Michael Flynn even though the investigation continued during Trump's first term and under Trump's own DOJ and Flynn pleaded guilty in taking money from Russians.
-or pardoning anyone who loudly publicly supports him like Scott Jenkins who was convicted of bribery, or even George Santos who was the famous pathological liar convicted of stealing from donors/stealing identities/lying about his identity/etc and widely hated by both sides in Congress.
Like why the hell did he even pardon the notorious George Santos - just for his praise/support?


At this point, the Biden family is corrupt/unethical, and then the Trump & Trump family goes above and beyond to outdo them and be even more corrupt/unethical.

 

[Bluescreendeath]

Good for him. Defense contractors had all the head starts on reusable rocket technology in terms of money, brain power, and political clout; but Elon had the vision to do it. SpaceX was almost bankrupt before success. On top of that, they developed their own demand for frequent launches with Starlink.

Now they have the most powerful rocket that is also reusable. They have an actually useful space-based internet network.

SpaceX is indeed important technology and they've done great work with reuseable rockets.

The valuation of 1.75 trillion seems to be overvalued since that is over 100 times its P/E ratio. Its revenue is only 18 billion so it'll take 100 years to make back its value.
The "classic" guidelines is that companies with a 20 P/E ratio or less is a good buy.

So many people are ignoring PE and basic profitability ratios...seemingly based on hope that they will dominate the market in the future.

For example, Tesla makes great EVs, but are they really worth 1.6 trillion right now (which is basically more than what every other major car company is worth put together)? Right now, other companies have better self driving sensors (eg. LIDAR) and they're being surpassed by BYD in global EV sales. BYD is the largest EV company in the world by market share, but they're only worth 1/13 the market cap of Tesla...why?


Another, potentially more concerning issue is index funds seem to be bending rules for SpaceX and other tech companies like OpenAI, Anthropic, etc. to no longer need a seasoning period/wait and see period before they automatically buy the stocks. These rules are supposed to protect the average investors (who rely on index funds for their retirement) from potentially unstable new investments.

It would be fine if they had a separate category of higher risk index funds that aren't subject to these rules, but why are these financial firms just changing the long-held rules to make existing index funds (a traditionally safe-ish investment) more risky without any alternatives?

 

[R00sT3R]

Utter madness and highlights just how gross corporate America has become.

 

[lostinlodos]

Like gamestop? Oh wait!

GameStop was a very different situation, and most don’t know the whole story.
What started as a wack ws got into gaming news and gamers themselves went on the attack.
It started as a protest but quickly became gamers saving the last used stuff chain.

 

[godrilla]

GameStop was a very different situation, and most don’t know the whole story.
What started as a wack ws got into gaming news and gamers themselves went on the attack.
It started as a protest but quickly became gamers saving the last used stuff chain.

True but gamers make up a small fraction of checks Elon's worth and his phone book ilk. So wall Street who lost to bunch of gamers will bet against the literal oligarchs getting government contracts. This should be interesting.