SpaceX (SPCX) IPO Rumors: $2T Valuation & Starlink Growth Buzz Ahead of Listing

SpaceX is still a private company, and you cannot buy shares of this company right now, but very soon, you and many other people...

Quick overview

  • SpaceX is preparing for an Initial Public Offering (IPO) and plans to list its shares on NASDAQ under the ticker SPCX.
  • The company aims to raise $75 billion, which would make it the largest IPO in history, with trading expected to start on June 12.
  • SpaceX's valuation could rise to between $1.75 trillion and $2 trillion post-IPO, driven largely by its profitable Starlink internet service.
  • High demand for shares is anticipated, making it challenging for average investors to purchase them immediately after the IPO.

SpaceX is still a private company, and you cannot buy shares of this company right now, but very soon, you and many other people will be able to buy shares of this company because the company is fully busy with preparations to make their private company public through an Initial Public Offering and sell shares of their company to normal people for the first time in history.

In connection with this work, SpaceX has submitted its initial papers to the government (SEC), and the company is planning to list its shares on the NASDAQ stock exchange with the ticker SPCX.

According to reports, trading of this company’s shares will start from the day of June 12, and this company wants to raise 75 billion dollars in its IPO, which, if it happens like this, then it will be considered the largest IPO in history.

High Value and Starlink Growth

Looking at the whole situation, it is expected that the company’s valuation can go from $1.75 trillion to $2 trillion after the IPO is released, and while the shares are still not public and are trading privately, it is trading at $650 per share on the platform Forge, which shows that the company at this time holds a valuation of $1.5 trillion.

However, the reason for this company’s such high valuation is their many projects, out of which the highest money-making project is Starlink, which is their internet service where their satellites in space provide internet to people. They earned $11 billion last year, and they have more than 11 million customers who like their service very much. Not only this, this company has many other works as well, like they launch rockets and help in many government works, but among all of these, their Starlink business is the most profitable.

High Demand Before IPO Launch

Apart from this, in this company’s IPO process, very big banks like Goldman Sachs have helped this company a lot. Moreover, Elon Musk will keep his position exactly as strong in the company even after the IPO.

Many people want to buy shares of this company, and this is the reason why this stock is already very popular in the eyes of investors even before being released.

But for now, you as a normal person cannot buy shares of this company until its IPO is released, and maybe the first few days after the IPO is released will also be difficult to buy this share because the demand will be very high.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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