SpaceX IPO: Trillion-Dollar Valuation Looms

SpaceX is preparing for a significant initial public offering (IPO) in the U.S., with expectations of a valuation surpassing $1.75 trillion, potentially marking the largest IPO in history. The company, founded in 2002, is a dominant force in private space operations, conducting more annual launches globally than any competitor.

Its Starlink satellite internet service, which has rapidly expanded to serve over 9 million users, currently generates between 50% and 80% of SpaceX's revenue. The company also aims to develop a "self-growing city" on the Moon within the next decade, a goal that has become a priority over its long-held ambition of establishing a Martian city.

SpaceX's ambitions extend to NASA's Artemis program, with its Starship system selected as the lunar lander for Artemis III and IV missions. The Starship program itself has seen recent successes after initial setbacks, with the company planning to launch a constellation of one million solar-powered AI data center satellites.

Financially, SpaceX reported approximately $8 billion in profit on revenues of $15 billion to $16 billion in 2025. Revenue has shown substantial growth, reaching $13.1 billion in 2024, up from $8.7 billion in 2023. The company has also acquired artificial intelligence startup xAI, valuing it at $250 billion, while SpaceX itself was valued at $1 trillion.