SpaceX IPO draws scrutiny over $1.75 trillion valuation (opens in new tab)

SpaceX is expected to seek a Nasdaq listing in mid-June under the ticker SPCX, with reported valuation targets around $1.75 trillion to $1.8 trillion and a fundraise of up to $75 billion. Those figures would exceed Saudi Aramco’s 2019 IPO record. Reuters, in a report carried by Taipei Times, said the IPO case has relied partly on Starlink as SpaceX’s cash engine and on Starship’s role in lowering launch costs. European Business Magazine cited 2026 revenue estimates of $22 billion to $24 billi...