Maximizing Your Investment: Why SpaceX’s IPO Could Outshine Amazon’s and How to Participate Early

Key Points

• Alphabet offers investors indirect exposure to SpaceX ahead of an expected IPO.

• SpaceX aims for a valuation of $1.75 trillion to $2 trillion, significantly larger than Amazon’s valuation of $438 million at its IPO.

• SpaceX plans to allocate up to 30% of shares in its IPO to retail investors, though high valuation may limit upside potential.

SpaceX is preparing for an IPO that could be one of the largest in history, targeting a valuation of $1.75 trillion to $2 trillion—about 4,000 to 4,600 times greater than Amazon’s valuation of $438 million when it went public in 1997. Retail investors may be able to purchase up to 30% of the shares available in this IPO, a figure significantly above the typical allocation.

As of 2025, Alphabet holds approximately a 6.11% stake in SpaceX, originally acquired through a $900 million investment in 2015. Depending on SpaceX’s valuation, this stake could be worth around $100 billion. Despite its promising prospects with ventures like Starlink—reportedly generating almost $11.4 billion in revenue in 2025—SpaceX remains unprofitable overall. Investors may prefer Alphabet as a less risky option to gain indirect exposure to SpaceX’s potential growth.