🤖 SpaceX will get off the ground – but a descent from a silly valuation must follow | Nils Pratley Investors will buy into the market-leading tech and cult of M
SpaceX is preparing for a massive IPO on the Nasdaq, with its valuation soaring to an estimated $1.77 trillion. The company reported a $4.9 billion loss in 2025 on $18.7 billion in revenue, leading to concerns about its extremely high valuation, which is nearly 100 times its revenue. While its established space technology, particularly the Starlink satellite broadband service, is market-leading, a significant portion of the IPO's proceeds and the company's valuation is attributed to its artificial intelligence operations, xAI. AI
IMPACT SpaceX's substantial AI investment via its IPO could accelerate development and competition in the AI sector, particularly in space-based applications.