Sometime this year, SpaceX will officially hit the public market as what is the largest IPO in history. The company hopes to raise $75 million through share sales and continue to grow its valuation. But why does SpaceX think it’s worth so much?
SpaceX has set its IPO, Initial Public Offering, valuation at $1.75 billion; there’s room for that to move, but for now, that’s what SpaceX believes the company is valued at. That is more than any other space prime’s valuation (likely combined) and is closer to the valuation of Amazon and more than one of the hottest defense tech companies, Palantir.
That’s a lot for a company most known for launching a lot of rockets successfully and blowing up a lot of rockets publicly. However, the company has evolved much more than that over the two decades of its existence. Here’s how the company is broken up and where the money is at.
Falcon 9/Heavy launch operations
The workhorse rocket of the US space industry, SpaceX’s Falcon 9 rocket has been launching for 16 years. It has launched over 600 times, sent dozens of crewed missions to space, and delivered important science and defense satellites into space.
