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AI · IPO · Retail Investors · SpaceX
SpaceX's highly anticipated IPO is set to begin trading under ticker SPCX at $135 per share, raising $75 billion and valuing the company at $1.75 trillion, making it the largest IPO ever and potentially Elon Musk the world's first trillionaire.
The company, led by Elon Musk, posted a $4.9 billion loss on $18.7 billion revenue in 2025, with its valuation driven by future ambitions like Mars colonies and AI, not current fundamentals. Cathie Wood's ARK Invest identifies rocket launches as the "foundation" and Starlink as the "financial engine." SpaceX allocates an unprecedented 30% of shares to retail investors, raising concerns about overexposure due to its speculative valuation and tiny free float, which, combined with its massive scale, points to expected high volatility, reminiscent of Facebook's 2012 IPO.
Wedbush Securities' Dan Ives anticipates a SpaceX-Tesla merger in 2027, creating a combined $3 trillion entity. This mega IPO is expected to set the tone for future public debuts from companies like Anthropic and OpenAI, potentially lifting the broader market or, if it flops, dampening investor enthusiasm, as stated by Ross Carmel of Sichenzia Ross Ference Carmel.
