SpaceX plans $1.78 trillion IPO, largest in history, amid valuation concerns
8 reported
SpaceX has announced plans for an initial public offering at a valuation of $1.78 trillion, which would be the largest stock market float ever, according to plans filed last night. The company aims to raise $75 billion, potentially rising to $86 billion if underwriters exercise an option to sell additional shares. The IPO is scheduled for June 12, with shares priced at $135 each. However, the valuation has drawn skepticism from analysts, with Morningstar warning the company is “significantly overvalued” and estimating its discounted cash flow value at $780 billion. SpaceX posted a net loss of $4.94 billion in 2025, with revenue rising 33% to $18.67 billion, driven largely by its Starlink service which contributed about $11.4 billion. Changes to Nasdaq index inclusion rules will allow SpaceX shares to be listed faster, potentially forcing index funds to buy the stock sooner. JPMorgan CEO Jamie Dimon plans to discuss the IPO with the bank’s high net worth clients in a live interactive discussion.
What’s reported
SpaceX plans to IPO at a valuation of $1.78 trillion, the largest stock market float ever.
The company aims to raise $75 billion, potentially rising to $86 billion.
IPO is scheduled for June 12 at $135 per share.
SpaceX posted a net loss of $4.94 billion in 2025, with revenue of $18.67 billion (up 33%).
Morningstar warned the company is “significantly overvalued” and valued it at $780 billion.
Starlink contributed about $11.4 billion of SpaceX’s revenue.
Nasdaq changed inclusion rules: stocks can be fast-tracked after 15 trading days with almost no float.
JPMorgan CEO Jamie Dimon will host a live discussion on the IPO with high net worth clients.
Key figures
Elon Musk (founder of SpaceX, mentioned in context of Tesla sales)
Gwynne Shotwell (SpaceX president)
Bret Johnsen (SpaceX CFO)
Jamie Dimon (JPMorgan CEO)
Mary Callahan Erdoes (JPMorgan asset and wealth management CEO)
Michael Hewson (senior market analyst at iForex)
Alan Miller (CIO at SCM Direct)
Mike Hawes (SMMT chief executive)
Sources: The Guardian
