SpaceX set to price IPO at about $1.77 trillion valuation next week
2026-06-06 16:14:34
SpaceX is set to price what it calls the largest IPO in history next week at a valuation near $1.77 trillion. According to BeInCrypto, the filing shows SpaceX was profitable until an all-stock xAI merger closed in February, flipping 2025 results to a $4.94 billion net loss from $791 million net income in 2024; it then posted a $4.28 billion Q1 2026 loss. The IPO is pitched at $135 per share, about 94 times 2025 revenue of $18.7 billion, with Starlink subscribers rising to 10.3 million by March 2026 while ARPU fell to $66 from $99 in 2023.
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