Elon Musk’s SpaceX eyes $1.77tn valuation ahead of historic IPO
Summary
SpaceX, Elon Musk’s rocket company, plans to raise about $75 billion in its initial public offering (IPO) with a valuation of $1.77 trillion. This would make SpaceX one of the largest companies by market value, surpassing Tesla and Meta, even though it currently operates at a loss.Key Facts
- SpaceX aims to sell 555.6 million shares at $135 each in its IPO.
- The company’s estimated valuation at IPO is $1.77 trillion.
- This valuation would place SpaceX as the seventh-largest company by market value worldwide.
- Elon Musk owns roughly 42% of SpaceX and will keep over 82% of voting rights through special stock classes.
- SpaceX plans to list on the Nasdaq stock exchange on June 12.
- The company reported a net loss of $4.9 billion in 2025 and $4.3 billion loss in the first quarter of 2026.
- SpaceX’s valuation is based on future growth potential, especially in space travel, satellite internet, and AI, rather than current profits.
- Investors are optimistic, pricing SpaceX’s value up to $2.2 trillion on the first day of trading.
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