SpaceX Files for IPO Aiming at $1.75 Trillion Valuation

Context SpaceX designs, builds and launches rockets and operates the Starlink satellite network, which beams broadband internet to users on the ground. Most of its $18.67 billion revenue last year came from Starlink’s roughly 10,000 active satellites. The company pioneered reusable launch hardware, cutting launch costs and pressuring rivals such as Blue Origin to accelerate their own programs.

Key Facts - The IPO filing values SpaceX at a potential $1.75 trillion, which would exceed Saudi Aramco’s 2019 debut valuation of $1.7 trillion. - Revenue for the most recent fiscal year was $18.67 billion, driven primarily by Starlink subscriptions. - The share sale is expected to launch on or after June 11, with trading slated for the following day. - SpaceX plans to list on Nasdaq under the ticker symbol SPCX. - Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and JP Morgan are named as bookrunners. - Tesla, another Musk‑led firm, currently holds a market capitalization of roughly $800 billion.

What It Means If priced at the top of the range, SpaceX would become the second U.S. company to breach the $1 trillion market‑cap threshold after Tesla, and the most valuable space‑focused firm ever to trade publicly. The valuation implies a price‑to‑sales multiple of about 94×, reflecting investor expectations for future growth in Starlink, space‑based AI data centers and Mars‑related ventures. Retail investors are slated to receive a notable share of the offering, which could broaden the investor base beyond traditional institutional buyers.

Watch for the final pricing details and the first‑day trading performance of SPCX, as they will signal market appetite for high‑growth, capital‑intensive space ventures and may set a precedent for upcoming tech IPOs such as OpenAI and Anthropic.