SpaceX Is Going Public at $1.75 Trillion — And It Could Be the Biggest Stock Market Event in History

I'll be honest — when I first heard SpaceX was finally going public, I thought it was another rumor. But it's real, and the numbers are so staggering that I had to sit down and re-read them three times.

SpaceX is launching its roadshow on June 4, 2026, with shares set to debut on the Nasdaq on June 12 under the ticker SPCX. The target valuation? A jaw-dropping $1.75 trillion to $2 trillion. And the company is aiming to raise up to $75 billion — more than twice the previous IPO record, set by Saudi Aramco at $29.4 billion back in 2019.

Let That Sink In

At $1.75 trillion, SpaceX would immediately become one of the most valuable publicly traded companies on the planet — trailing only Apple and Nvidia. We're talking about a private rocket company that started in a warehouse in El Segundo, California, now worth more than Microsoft on day one of trading.

The most recent benchmark was SpaceX's December 2025 tender offer, which priced shares at roughly $421 per share and implied a valuation around $800 billion. That was already insane. Now they're going public at more than double that — and the market seems ready for it. SpaceX even did a 5-for-1 stock split back in May 2026 ahead of the listing.

Why SpaceX Is Worth This Much

Here's the thing — people look at SpaceX and think "rockets." But SpaceX is really three massively valuable businesses rolled into one:

• Starlink — the global satellite internet constellation that already has millions of subscribers and is generating serious recurring revenue. This alone is probably worth hundreds of billions.
• Falcon 9 and launch services — SpaceX dominates the global commercial launch market with a reliability record that competitors can't touch. They've launched over 300 missions with Falcon 9 and it's basically become the workhorse of the space economy.
• Starship — the fully reusable super-heavy rocket that, if it delivers on its promise, could reduce the cost of getting to orbit by another order of magnitude. NASA is counting on it for Artemis. Point-to-point travel on Earth. Mars. You name it.

When you add all of that up, $1.75 trillion isn't crazy. It's actually defensible — especially in a market that just sent the S&P 500 above 7,600 for the first time ever on the back of the AI and chip boom.

What About Elon Musk's Ownership?

One of the more interesting wrinkles here is Musk's massive ownership stake. He controls a huge chunk of SpaceX, and his involvement with Tesla, xAI, and the U.S. government's DOGE efforts have raised questions about his bandwidth. But investors seem willing to bet on the SpaceX business independent of Musk's other ventures.

According to Bloomberg, the IPO S-1 disclosed some significant losses as the company has been burning cash on Starship development, but the revenue trajectory from Starlink more than offsets that in the long run. This is a growth story, not a profits story — at least for now.

Should You Buy SPCX?

I'm not a financial advisor, so take this for what it's worth: this IPO is going to be one of the most in-demand offerings in stock market history. Getting in at the IPO price as a retail investor will be extremely difficult. The institutional allocation will be massive, and the stock could easily pop — or drop — significantly on day one depending on how the roadshow goes.

What I will say is that if you believe the future involves satellite internet covering every corner of the globe, reusable rockets making space cheap, and humanity eventually becoming multi-planetary — then SpaceX is the single company most positioned to make all of that happen. The valuation reflects that belief baked in at a premium.

The Nasdaq debut on June 12 is going to be something I watch very closely. This isn't just an IPO. It's a moment.

What's your experience? Drop a comment below! 👇
Are you planning to buy SPCX on IPO day, or are you waiting to see how the stock performs in the first few weeks?