Key Points
Elon Musk’s SpaceX is set for a historic initial public offering (IPO) on NASDAQ under the ticker SPCX, with a projected valuation of $1.8 trillion. This would place it 20% higher than Meta Platforms’ valuation upon its 2012 IPO.
The IPO will offer 555.5 million shares, with Musk reportedly aiming to allocate up to 30% to retail investors. SpaceX generated $18.7 billion in revenue last year, marking a 33% increase from 2024, while its price-to-sales (P/S) ratio is estimated to be around 95.
In comparison, Facebook launched at $38 per share with a P/S ratio of about 20 and a revenue of $5.1 billion in 2012. Small investors who missed Facebook’s IPO eventually saw a significant drop in its share price, which highlights the potential risks in attempting to invest in SpaceX at the estimated $135 share price.
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