SpaceX Targets Historic IPO Valuation
SpaceX, founded by Elon Musk, plans to conduct an IPO on the NASDAQ, aiming for a valuation of approximately $1.75 trillion, which would make it the largest IPO in history. According to its recent S1 filing, the company reported a staggering estimated total addressable market (TAM) of $28.5 trillion, the highest in human history.
SpaceX’s revenue highlights include $11.4 billion generated by its satellite internet service, Starlink, which constituted about 60% of its total revenue last year. Skepticism surrounds the projected TAM, particularly the $22.7 trillion attributed to enterprise applications, though management asserts this figure reflects the greater potential of its xAI division.
As investors consider the IPO, the decision will heavily depend on their views regarding SpaceX’s potential leading business sector—whether it be space launches, satellite services, or AI applications.
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