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SpaceX IPO looms: Bulls see $1.75T valuation, bears cite risks

SpaceX is preparing for a record-breaking IPO, with pricing set for Thursday and trading to begin Friday. Analysts are divided on its future valuation, with bulls pointing to massive revenue potential from Starlink, its AI business, and launch services, projecting a $1.75 trillion valuation. Bears, however, highlight the high entry price, the unproven nature of Starship, and the commoditization of compute, suggesting potential rivals and market saturation. AI

IMPACT SpaceX's AI business, including Grok and compute sales, is a key factor in its valuation, indicating the growing importance of AI infrastructure.

RANK_REASON Major IPO event for a prominent tech company with significant future revenue projections. [lever_c_demoted from significant: ic=1 ai=0.7]

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SpaceX IPO looms: Bulls see $1.75T valuation, bears cite risks

COVERAGE [1]

  1. Axios Technology TIER_1 English(EN) · Dan Primack ·

    The bull and bear cases for SpaceX

    <p>It's a foregone conclusion that SpaceX will raise at least $85 billion in its <a href="https://www.axios.com/2026/05/20/elon-musk-spacex-ipo" target="_blank">record-wrecking IPO</a>, with pricing set for Thursday and first trades for Friday.</p><ul><li>The question, therefore,…