SpaceX IPO Values Company at $1.77 Trillion on Nasdaq

A staggering $1.77 trillion valuation positions SpaceX as the seventh most valuable company among those listed in the United States, ahead of its anticipated Nasdaq debut this Friday. This impressive figure comes despite the company closing its last fiscal year with losses and its current revenues falling significantly below those of other companies with higher market capitalization.

According to the report, the public offering process itself was filled with unconventional details. Elon Musk, the company's CEO, set the price before bankers and investors could negotiate terms. He also pushed for an early inclusion in stock market indices.

A distinctive aspect of this offering is the reservation of 30% of the shares for retail buyers. Experts suggest this percentage is unusually high for such operations, indicating a specific strategy by SpaceX to broaden investor participation.

Beyond rockets and spacecraft, a substantial portion of SpaceX's current revenue streams from Starlink, its ambitious satellite internet service. This division has solidified its role as the financial engine driving the company's growth and expansion.

Beyond rockets and spacecraft, a substantial portion of SpaceX's current revenue streams from Starlink, its ambitious satellite internet service.

Starlink currently operates in 164 countries and territories, providing coverage to millions of customers. This global reach includes private individuals, businesses, and government institutions, showcasing the network's capability to deliver connectivity in remote or underserved areas.

SpaceX recently finalized a cloud services agreement with Google, securing long-term computing capacity. This strategic partnership not only strengthens Starlink's infrastructure but also paves the way for new technological innovations.

As part of this agreement with Google, SpaceX plans to launch small racks of Google servers into space. The objective is to harness solar energy to power a constellation of satellites equipped with TPU Trillium chips, which would accelerate artificial intelligence development. Google noted that the sun is the most abundant and stable energy source, making the prospect of moving computing to space highly appealing.

In its official statement, SpaceX mentioned that shares are scheduled to begin trading on the Nasdaq starting June 12, 2026, under the ticker symbol SPCX. The company anticipates the public offering will officially close on June 15, 2026, subject to customary closing conditions.