SpaceX IPO Raises $85.7B at $1.75T Valuation, Argus Issues Hold Rating
SPCX•SPCX•SPCX•SPCX•SpaceX completed its IPO, raising $85.7 billion at a $1.75 trillion valuation and a 95× 2025 price-to-sales multiple. Argus initiated coverage with a Hold rating, warning that volatility will persist due to tight supply and looming lockup expirations, though an upgrade could follow if earnings accelerate.
SpaceX completed its IPO, raising $85.7 billion and achieving a $1.75 trillion valuation that implies a 95× price-to-sales multiple on projected 2025 revenues. Shares rallied as much as 67% above the offering price before settling around 10% above it.
Brokerage firm Argus initiated coverage with a Hold rating, citing prolonged volatility driven by tight share supply and looming lockup expirations. The firm left the door open for an upgrade if earnings accelerate or the stock falls on nonfundamental factors.
