Overview
- SpaceX has confidentially filed for an IPO that seeks about $75 billion in proceeds at a reported valuation near $1.75 trillion.
- Nasdaq will allow entry to the Nasdaq 100 after 15 trading days, and FTSE Russell and S&P Dow Jones Indices are weighing similar fast-entry changes.
- Such changes would push index-tracking funds to purchase SpaceX shares shortly after the debut, concentrating large flows into a brand-new listing.
- Reports say SpaceX generated roughly $16 billion in revenue and about $8 billion in profit in 2025, and it merged earlier this year with Elon Musk’s xAI, which includes the Grok model and the X platform.
- Historical data show the biggest IPOs often fall about 10% in their first six months, underscoring near-term risk even as early investors, including Alphabet with an estimated mid-single-digit stake, stand to gain at multi-trillion valuations.