SpaceX is gearing up for what could become one of the most consequential public offerings in market history. The company is targeting a valuation of roughly $1.77 trillion and aims to raise around $75 billion, a figure that would dwarf virtually every IPO that came before it.
Morgan Stanley, serving as a co-lead underwriter, has been sharing revenue projections with potential investors that read more like science fiction than financial modeling. The bank expects SpaceX to generate $3.4 trillion in revenue by 2040, with EBITDA hitting $2.7 trillion in the same year. For context, that revenue figure would exceed the current GDP of France.
The AI engine behind the numbers
The eye-popping projections aren’t just about rockets. Morgan Stanley estimates that AI-related revenue alone could reach $190 billion by 2030. Goldman Sachs has forecast even higher AI contributions at $322 billion for the same year.
The planned listing is targeting Nasdaq under the ticker symbol SPCX, with a June 2026 timeline. Share pricing is estimated at approximately $135 per share.
