SpaceX IPO targets $1.77 trillion valuation with Starlink focus

SpaceX's IPO on Nasdaq under symbol SPCX reaches $1.77 trillion valuation. Shares sell at $135 each. Starlink operates 10,300 satellites, two-thirds of all working satellites, generating $1.19 billion operating profit in Q1 2026 despite $1.94 billion loss on $4.69 billion revenue. The IPO reflects a bet on orbital broadband, not rockets.