SpaceX IPO Values Company at $1.77 Trillion

SpaceX's IPO prices shares at $135, aiming to raise $75 billion and valuing the company at roughly $1.77 trillion, making it the eighth-largest by market cap. The company was not profitable in 2025 and is not profitable today. Bulls argue its space, AI, and communications businesses justify the valuation, with a total addressable market of $28.5 trillion.