SpaceX plans historic IPO at $1.77 trillionhistoric IPO at $1.77 trillion valuation
SpaceX said it plans to go public this month and raise up to $75 billion, in what would be the largest stock market debut on record.
The move would value Elon Musk’s rocket and satellite company at about $1.77 trillion, making the listing a major test of investor appetite for private tech giants and their links to artificial intelligence.
Company and supporters
SpaceX and market supporters present the listing as a milestone for a company that has reshaped private spaceflight and built a broad satellite business. They also argue that the fundraising will give the company more room to expand its launch, communications, and AI ambitions.
Skeptical analysts
Some analysts say the valuation looks stretched relative to current earnings and business risks. They warn that the offering may depend more on the market’s enthusiasm for Elon Musk than on traditional price discovery.
- SpaceX’s Dragon capsule became the first private spacecraft to deliver crew to orbit and return them safely.
- The company’s Starlink network has turned satellite internet into a fast-growing consumer service in remote regions.
- Tesla went public in 2010 and later became one of the most closely watched stocks in the world.
