SpaceX IPO Faces Concerns and Valuation Debates Ahead of Expected June 12 Launch

SpaceX's IPO valuation is expected to be $1.75 trillion, with some experts doubting the figure's accuracy. Musk requires a $7.5 trillion valuation to receive a bonus package. The company has secured lucrative AI deals and may list on the Nasdaq-100.

SpaceX is targeting a Nasdaq debut on June 12 under the ticker SpaceX (ticker SPCX), with shares expected to price after the close on June 11 at around $135 apiece, raising roughly $75 billion at a $1.75 trillion valuation . That would rank SpaceX as the seventh-largest U.S. company by market cap and place it above TSLA, which is valued near $1.6 trillion.

The headline figure has drawn open skepticism. Morningstar values SpaceX at about $780 billion, roughly 48% below the IPO target, arguing the company is significantly overvalued at the proposed price. A separate Benzinga reader poll on Elon Musk's compensation milestones found only 16% expect SpaceX to reach the $7.5 trillion valuation tied to his bonus package, with 61% projecting $5 trillion or lower .

Supporting the bull case, SpaceX has been locking in lucrative AI and satellite-connectivity deals ahead of the listing, and index inclusion could follow once it trades. The debate sets up one of the most consequential pricing tests in recent memory: a private-market darling now forced to justify a record valuation to public investors.