SpaceX IPO highlights
01
One of the largest IPOs ever
Reports indicate SpaceX could be valued between US$1.5 trillion and US$1.8 trillion, making it potentially the largest IPO in history, surpassing the record set by Saudi Aramco.
02
Starlink is the revenue engine
Many people think of SpaceX as a rocket company, but Starlink is currently the biggest contributor to revenue. It reportedly accounted for more than half of company revenue, with over 10 million subscribers globally.
03
The investment is much more than rockets
The business is increasingly viewed as three businesses under one roof: Launch services (Falcon and Starship), Starlink broadband and AI and data infrastructure
04
AI is becoming a major part of the story
Following Elon Musk’s AI initiatives, SpaceX is increasingly seen as part of a broader ecosystem, with xAI providing the intelligence layer via large-scale models and inference systems.
05
index Inclusion: NASDAQ First, S&P Later
SpaceX would gain immediate exposure through its NASDAQ listing, whereas S&P 500 inclusion typically requires a longer track record as a public company and additional profitability criteria.
SpaceX at Glance
| Expected Listing | 12 June 2026 (pricing 11 June) |
| Exchange | NASDAQ |
| Est. Valuation | ~$1.8 Trillion |
| Target Raise | $75B |
| Free-float | 4% of Total Shares |
| Key Revenue Driver | Starlink, Launch Systems, Defence, AI Infrastructure |
| Nasdaq 100 Inclusion | ~15 Days Post-listing |
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