SpaceX Set for Historic IPO
SpaceX is preparing for a potential Nasdaq listing under the ticker SPCX, targeted for June 12, 2026, with a valuation between $1.75 trillion and $2 trillion. This IPO could be the largest in history, surpassing Tesla’s current market capitalization of approximately $1.65 trillion.
Starlink’s Financial Performance
Key to SpaceX’s valuation is its Starlink satellite internet business, which generated $11.4 billion in revenue in 2025—a nearly 50% increase year-over-year. Starlink currently has 10.3 million subscribers across 164 countries, a significant rise from 8.9 million at the end of 2025.
Comparative Insights
While SpaceX posted a net loss of approximately $4.9 billion last year, its performance contrasts with Tesla, which recently reported a 16% revenue increase to $22.4 billion in Q1 2026, albeit following its first annual revenue decline. The ongoing investment in AI and new products at Tesla raises questions about future profitability.
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