Key Facts on SpaceX IPO
On June 12, SpaceX (NASDAQ: SPCX) executed a historic initial public offering (IPO), raising $85.7 billion, which nearly tripled the previous record held by Saudi Aramco. The IPO, involving 21 underwriters, positions SpaceX for significant financial growth, with analyst Brian Gesuale from Raymond James projecting a target share price of $800 by 2031, implying a 451% upside from current valuations.
Gesuale anticipates SpaceX’s full-year sales to rise from an estimated $38.5 billion in 2026 to about $837 billion by 2031, along with EBITDA soaring from $17.7 billion to $696 billion in the same timeframe. The total addressable market for SpaceX is reported at $28.5 trillion, indicating vast potential but also highlighting concerns over the sustainability of its operational model amid rising speculation in both AI and space sectors.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
