SpaceX Blasts Off With No Cheap Seats

SpaceX is bringing a literal moonshot to Wall Street, and there are no cheap seats. Elon Musk’s rocket, satellite-internet, and AI company priced its initial public offering at $135 per share Thursday, raising a record $75 billion through the sale of 555.56 million shares. The stock is set to begin trading Friday on Nasdaq under the ticker SPCX, giving investors a rare chance to buy into one of the most famous private companies on Earth. Now the question is whether SpaceX is launching from a $1.77 trillion valuation or trying to outrun it.

The price tag is extreme, but so is the company's hold on the public imagination. SpaceX has turned reusable rockets into a dominant launch business, while Starlink has built a global satellite-internet network that now supplies most, about 60%, of the company’s revenue. The company reported 2025 revenue of $18.67 billion, up from $14.02 billion a year earlier, and its brand recognition is already closer to a consumer-tech giant than a traditional aerospace contractor. This is not a normal IPO, and SpaceX is not a normal aerospace company. Investors are not buying into just another space company. They are buying rockets, satellites, Starlink subscriptions, government contracts, and the full Musk-deluxe package in one very expensive wrapper.

At this price, SpaceX does not have to be promising. It has to be nearly flawless. SpaceX lost $4.94 billion in 2025, and its first-quarter 2026 net loss widened to $4.28 billion, even as revenue kept growing. That does not automatically kill the bullish case, because public markets have forgiven years of losses when the growth target looked big enough. But at this valuation, SpaceX has to be more than merely impressive. It has to turn Starlink into a much larger recurring-revenue engine, keep launch dominance intact, make Starship work commercially, and convince investors that its AI and space-based data-center ambitions are more than expensive science fiction with Elon-grade branding.

The opening trade will get the headlines, but SpaceX’s valuation will be judged long after the launch-day smoke clears. A strong pop could make the IPO look like a new peak for the market’s appetite for growth, while a weak open would raise uncomfortable questions about how much future investors already paid for at $135 a share. SpaceX has the name, the founder, the mission, and the hype. Now it needs to prove Wall Street did not just pay for a moonshot before the math caught up.

Disclaimer: This content is for informational and entertainment purposes only and does not constitute financial or investment advice. The information provided may be outdated or contain inaccuracies. Always conduct your own due diligence and consult a licensed financial advisor before making investment decisions. Investing involves risk, including the potential loss of principal. Unless explicitly stated otherwise, neither Equiscreen, LLC nor its beneficial owners hold any financial interest in the companies mentioned in our articles, and we do not receive compensation for including them. Equiscreen, LLC and its beneficial owners may buy or sell securities of any company referenced in our content at any time and without prior notice, and nothing published by Equiscreen, LLC should be interpreted as a recommendation to buy, sell, or hold any security. Any paid content or income-related materials will be clearly identified as “Sponsored” or “Advertorial,” and corresponding income disclosures can be found at the bottom of the page. For additional information, please contact [email protected].

Top Gainers

Top Losers

U.S. Commodities

2234 N Federal Hwy # 1022
Boca Raton, FL 33431

(561) 264-5726