SpaceX Files for Historic IPO, Targeting $1.5-2 Trillion Valuation

SpaceX is preparing for a historic IPO with a targeted valuation of $1.5-2 trillion. The company plans to raise $50-80 billion and will reserve up to 30% of shares for retail investors. SpaceX has 550 million active users and sees its total addressable market rivaling the size of the US economy.

SpaceX has begun preparing for what would be the largest tech IPO in history, with reports indicating the company is targeting a valuation between $1.5 trillion and $2 trillion and a deal size of $50-80 billion . Up to 30% of shares are slated to be reserved for retail investors, a notably high allocation that reflects Elon Musk's emphasis on individual ownership.

The IPO would crystallize the value of Starlink, which now serves more than 550 million users globally, alongside the Falcon and Starship launch franchises. SpaceX has framed its total addressable market as rivaling the size of the US economy itself, encompassing satellite broadband, government launch contracts, defense communications, and eventual deep-space services.

The size of the deal, if priced as indicated, would dwarf Saudi Aramco's 2019 listing and reshape the public market's exposure to commercial space. Investors will scrutinize Starlink's standalone unit economics, capital intensity of the Starship program, and governance arrangements given Musk's broader portfolio that includes TSLA Tesla and xAI.