On March 11, according to Bloomberg, Musk’s SpaceX plans to secretly submit an IPO application this month, with a valuation of over US$1.75 trillion. If progress goes well, the rocket and satellite giant may be officially listed in June, becoming one of the largest listings in the history of the global capital market.
The company's financial performance last year provides core support for this extremely high market pricing. Data shows that SpaceX’s total revenue last year reached 15 billion to 16 billion U.S. dollars, and it achieved a net profit of approximately 8 billion U.S. dollars. Among them, Starlink satellite Internet business is the main growth engine, contributing 50% to 80% of total revenue. In addition, SpaceX completed the acquisition of artificial intelligence company xAI in an all-stock transaction at the beginning of this year. This strategic business integration further pushed up the valuation expectations of the external market.
At present, SpaceX officials have not responded positively to the report, and there is still the possibility of delay and adjustment in the relevant listing schedule. In addition to capital operations, the company is expected to conduct a key test flight of the new generation Starship rocket that has undergone hundreds of technical upgrades in March. As highly valued technology companies such as SpaceX, OpenAI and Anthropic accelerate their listing, the industry generally expects that 2026 will usher in an unprecedented boom in technology stock IPOs.