SpaceX's $1.5 Trillion IPO

March 11, 2026

TL;DR

SpaceX plans a summer IPO with a potential valuation exceeding $1.75 trillion and aiming to raise $50 billion.
The company leads the launch market, flying 52% of global orbital missions, and its Starlink internet service has 9.2 million subscribers.
Starlink generated an estimated $10.6 billion in revenue in 2025, representing two-thirds of SpaceX's total revenue.
The acquisition of xAI, an AI venture, adds significant uncertainty due to its high monthly burn rate.
SpaceX's future growth drivers include Starlink's direct-to-cell service and the next-generation Starship rocket.
Some analysts express skepticism about SpaceX's sky-high valuation, citing the inclusion of a money-losing AI lab and other challenging ventures.

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