SpaceX Plans $75B IPO at Over $2T Valuation, Rivaling Apple
SpaceX is pursuing a $2 trillion-plus IPO valuation with as much as $75 billion raised, up from a $1.25 trillion xAI-linked estimate and backed by major banks. That milestone would position it alongside Apple as one of six global giants and could shift tech sector investment allocations.
1. IPO Valuation Target
SpaceX is engaging in early discussions with major banks about an IPO valuation exceeding $2 trillion, up sharply from the roughly $1.25 trillion tied to its xAI unit earlier this year. The valuation pitch to prospective investors underscores momentum in framing SpaceX as a behemoth on par with the world’s largest companies.
2. Capital Raise Scope
The company has filed confidential IPO documentation with the prospect of proceeding as soon as June and raising up to $75 billion, which would surpass the $29 billion record set by Saudi Aramco in 2019. A consortium led by Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley is steering the process.
3. Core Business and AI Ambitions
Launch services and Starlink broadband are projected to drive nearly $20 billion in revenue by 2026, while xAI is expected to contribute under $1 billion during that period. Longer-term initiatives such as space-based data centers, lunar manufacturing and joint chip ventures signal Elon Musk’s intention to expand beyond traditional launch and connectivity.
4. Implications for Apple and Tech Sector
An IPO valuation that ranks SpaceX among the top six global companies, including Apple, Microsoft and Amazon, could prompt investors to recalibrate tech sector allocations. SpaceX’s growing footprint in AI and broadband may heighten competitive dynamics for hardware-centric peers like Apple.