SpaceX goes public at $1.77T valuation, largest IPO ever
Investors bet $1.77 trillion on SpaceX's Starlink, Starship, and defense future.
SpaceX has finally gone public, pricing its IPO at $135 per share and achieving a record $1.77 trillion valuation. The company raised $75 billion in the offering, surpassing Saudi Aramco’s 2019 IPO as the largest ever. Elon Musk retains 82% control of the company, which will begin trading Friday. The massive valuation reflects Wall Street’s belief that SpaceX is far more than a rocket company.
Investors are betting on three core growth drivers: Starlink’s recurring subscription revenue from millions of users, Starship’s next-generation spacecraft for deep-space missions, and an expanding portfolio of government and defense contracts. Critics argue the valuation is overblown given much of the potential hinges on unproven commercial markets, but the IPO cements SpaceX as a foundational infrastructure provider for telecom, AI, and strategic defense.
- SpaceX’s $1.77 trillion IPO is the largest in history, surpassing Saudi Aramco’s 2019 debut.
- The company raised $75 billion at $135 per share; Elon Musk retains 82% control.
- Valuation driven by Starlink’s recurring revenue, Starship ambitions, and deep defense ties.
Why It Matters
SpaceX’s IPO opens space infrastructure to public investors, signaling a new era for telecom and defense.