SpaceX Targets Historic IPO Valuation
SpaceX is preparing for an initial public offering (IPO) that aims to achieve a record valuation of $1.75 trillion, the highest for any IPO in history. This follows the company’s recent merger with Elon Musk’s AI venture, xAI, which valued the combined entity at $1.25 trillion. Prior to this acquisition, SpaceX generated annual profits of around $8 billion on revenues between $15 billion and $16 billion, with its Starlink satellite internet service accounting for up to 80% of that revenue.
Looking ahead, SpaceX plans to resume testing of its next-generation Starship rocket in March. If successful, Starship could carry payloads ranging from 100 to 150 metric tons, significantly lowering costs for launching satellites. This innovation could also enable the deployment of space-based data centers, potentially revolutionizing AI infrastructure by alleviating energy constraints typically faced by terrestrial data centers.
