Key facts
- SpaceX priced its IPO at $135 per share, raising $75 billion.
- The company's implied valuation is approximately $1.75 trillion.
- Shares will trade on the Nasdaq under the ticker SPCX starting June 12, 2026.
- Starlink has over 10 million subscribers and is a key driver of valuation.
- Elon Musk forecasts SpaceX could reach $1 trillion in annual revenue by 2030.
SpaceX has priced its initial public offering at $135 per share, raising a record $75 billion and valuing the company at approximately $1.75 trillion. The shares are set to begin trading on the Nasdaq Global Select Market on June 12, 2026, under the ticker symbol SPCX.
The valuation is significantly driven by Starlink, SpaceX's satellite broadband network, which has surpassed 10 million subscribers and is experiencing rapid monthly user growth. The connectivity segment alone posted a $1.19 billion profit last quarter, with Starlink's 2025 revenue reaching $10 billion and projected to hit $24 billion by the end of 2026.
The IPO also incorporates xAI, following an all-stock merger earlier this year. Analysts like Dan Ives of Wedbush view the offering positively, suggesting it expands the Elon Musk ecosystem. However, some, like Motley Fool, have raised concerns about xAI's substantial monthly spending.
Elon Musk has set an even more ambitious target, stating that SpaceX could generate $1 trillion in annual revenue by 2030. This forecast far exceeds current Wall Street expectations, with Morgan Stanley projecting $330 billion and Goldman Sachs estimating $470 billion for the same year. SpaceX reported $18.67 billion in revenue for 2025.