SpaceX just raised $75 billion, setting a new global IPO fundraising record, with a target market valuation of $1.75–$1.77 trillion, potentially hitting $1.8 trillion, surpassing Saudi Aramco's $1.7 trillion valuation, making it the largest IPO in history.
$SPCX has three main business areas:
1. Starlink: around $11.4 billion (main revenue source).
2. Starship launches/space operations: about $4.1 billion.
3. XAI: approximately $3.2 billion (loss).
In 2025, the net loss is projected at $4.9 billion, primarily due to investments in Starship iteration and space AI development, leading to long-term cash burn.
The IPO subscription multiple for $SPCX is nearing 4x, reaching nearly $300 billion in scale. If investors can't secure allocations in the primary market, apart from some returning to the market, a larger portion may flow into the secondary market for speculation.
Thus, this super subscription could amplify price volatility risks once the stock goes live, so tread carefully. Those looking to participate in the IPO might consider hedging with contracts in advance.
#SpaceX #Starlink #XAI
$SPCX has three main business areas:
1. Starlink: around $11.4 billion (main revenue source).
2. Starship launches/space operations: about $4.1 billion.
3. XAI: approximately $3.2 billion (loss).
In 2025, the net loss is projected at $4.9 billion, primarily due to investments in Starship iteration and space AI development, leading to long-term cash burn.
The IPO subscription multiple for $SPCX is nearing 4x, reaching nearly $300 billion in scale. If investors can't secure allocations in the primary market, apart from some returning to the market, a larger portion may flow into the secondary market for speculation.
Thus, this super subscription could amplify price volatility risks once the stock goes live, so tread carefully. Those looking to participate in the IPO might consider hedging with contracts in advance.
#SpaceX #Starlink #XAI