Key Points
SpaceX, founded by Elon Musk, is planning an initial public offering (IPO) set for June 12, 2026, with an anticipated valuation of approximately $1.8 trillion. This valuation would rank SpaceX as the eighth-largest company in the U.S. by market capitalization, surpassing Tesla.
In 2025, SpaceX reported $18.7 billion in revenue, a 33% increase from the previous year. The company’s Starlink satellite internet service generated about $11.4 billion of that revenue. Despite not being profitable overall, Starlink achieved an operating income of $4.4 billion.
However, there are concerns regarding SpaceX’s high market cap, given that its estimated total addressable market (TAM) is $28.5 trillion, which has been criticized as overly ambitious. The company also reported a significant increase in losses in Q1 2026, raising skepticism among analysts about whether its growth justifies such a lofty valuation.
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