SpaceX $1.77 Trillion IPO
Analysis based on 7 articles · First reported Jun 09, 2026 · Last updated Jun 12, 2026
The IPO of SpaceX at a $1.77 trillion valuation is expected to generate significant market attention, but analysts express skepticism due to the company's high price-to-sales ratio and recent unprofitability. This could lead to high downside volatility for SpaceX's stock in the near term, as its valuation appears to price in near-flawless execution and massive future growth that is not yet evident.
SpaceX is set to complete its initial public offering (IPO) on June 12, with shares priced at $135, valuing the company at an estimated $1.77 trillion. This valuation would make SpaceX the eighth-largest company by market capitalization globally. Despite its leading positions in commercial launching services and satellite-based broadband with SpaceX — Starlink, and a 33% revenue growth in 2025 to $18.7 billion, the company recorded a net loss of $4.9 billion in 2025, though it was profitable in 2024. Analysts are concerned about the high valuation, which translates to a price-to-sales ratio of 94.7, significantly higher than comparable tech companies like Nvidia. The company's ambitious plans in AI, particularly through its acquired Xai, are a major factor in its projected total addressable market of $28.5 trillion, but these ventures are highly capital-intensive and carry substantial risk. Investors are advised to be cautious due to the growth-dependent valuation and potential for significant downside volatility.
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