SpaceX is gearing up for what could be one of the most significant IPOs in market history, targeting a valuation between $1.75 trillion and $2 trillion.
The numbers behind the mega-IPO
Revenue estimates suggest the company could generate between $15 billion and $20 billion by the 2025-2026 timeframe. Even at $20 billion, a $2 trillion valuation implies a price-to-sales ratio somewhere around 100 to 125x.
SpaceX acquired Elon Musk’s AI venture xAI for approximately $250 billion, effectively rebranding itself as a combined AI and space infrastructure platform.
The offering structure itself is designed to create scarcity. SpaceX is expected to sell less than 5% of its equity in the IPO, with up to 30% of that allocation earmarked for retail investors.
