Historia
julio 14, 2026
SpaceX Pitches Investors on IPO with Potential $1.78 Trillion Valuation
SpaceX is conducting its IPO roadshow, pitching investors on a plan to raise up to $86 billion in what could be the largest Wall Street debut in history. The company is aiming for a valuation as high as $1.78 trillion, with plans to allocate a significant portion of shares to retail investors.
SpaceX is racing toward what could be the biggest stock market debut in history, even as investors debate whether its sky‑high valuation is brilliance or hype.
In early June, regulatory filings and media reports detailed SpaceX’s plan to raise around $75–$86 billion in its initial public offering, implying a valuation near $1.75–$1.78 trillion and handily eclipsing past IPO records.12 Axios reported that SpaceX plans to offer 555.6 million shares at $135 each, which would value the company “about $1.75 trillion” and far above the previous global record set by Saudi Aramco.3 The Verge likewise noted the company is “reportedly aiming to raise $75 billion in its IPO” at the same share price, making SpaceX the seventh‑largest U.S. company by market cap on day one.4
Behind that valuation is an aggressive growth story. SpaceX, once just a launch provider, now derives most revenue from Starlink and is “betting heavily on artificial intelligence and orbital data centers,” Axios wrote.3 A separate analysis said Goldman Sachs “expects SpaceX’s AI revenue to increase 100‑fold by 2030,” projections that help underpin the $1.78 trillion pitch to investors.52
On June 4, SpaceX intensified its push with a 17‑minute IPO roadshow video from longtime CFO Bret Johnsen, highlighting rocket reusability, Starlink’s 10.3 million users and the integration of xAI and orbital compute.6 Business Insider described how the S-1 revealed a $4.9 billion loss on $18.7 billion in 2025 revenue, even as the company touted its “algorithm” of rapid innovation and a vision for business on the Moon.6
The offering is also notable for who gets in. The Financial Times reported that “Elon Musk’s SpaceX lines up retail investors for record IPO allocation,” with up to a quarter of the $75 billion float earmarked for individuals.7 A widely shared post amplified by Musk said Fidelity will make the IPO available to any customer with a $2,000 retail account because “SpaceX has decided to reserve a much higher percentage of the offering (up to 30%).”
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As excitement builds, skepticism has grown just as quickly. One FT column argued that the “SpaceX IPO shows Musk’s genius is in mythmaking,” questioning “how exactly the company plans to support its gargantuan valuation.”9 A broader FT stream on SpaceX warned that the listing is “a big risk for the millions of investors who have put savings into passive investing” and noted that markets must ultimately “absorb new supply and determine prices over time.”10
Musk and his supporters counter that the scale and mission justify the numbers. A tweet he shared called execution across his companies “unprecedented,” describing SpaceX as “the largest IPO in history expected around June 12.”11 Another post he boosted claimed SpaceX has “literally destroyed the cost to orbit,” dropping launch costs from roughly $18,500 per kilogram to near $1,000 with Falcon Heavy.12 Musk has also amplified comments that SpaceX has launched in seven years almost as many satellites as all governments and companies since the 1950s,
13 and reiterated that “the goal of SpaceX is to build the technologies necessary to make life multiplanetary.”14
With ETF providers lining up new products and billions already flowing into funds holding SpaceX exposure,10 the coming days will test whether investors see a sustainable business model in rockets, Starlink and AI — or primarily a high‑stakes bet on Musk’s vision.