SPACEX INITIAL PUBLIC OFFERING (IPO): FRIDAY, JUNE 12, 2026
SPACEX: IPO DETAILS
- IPO DATE: JUNE 12.
- IPO PRICE: $135 a share
- IPO CAPITAL RAISE: $75 billion.
- IPO OVERSUBSCRIBED: DEMAND EXCEEDED $250 BILLION. Reuters reported that demand for the SpaceX IPO exceeded $250 billion, far surpassing the $75 billion offered by SpaceX.
- MARKET CAPITALIZATION: around $1.75 trillion.
- STOCK EXCHANGE: NASDAQ
SPACE INDUSTRY
- SATELLITTE COMMUNICATIONS: Industry focused on transmitting data, voice, and internet services via satellites to provide global coverage, especially in remote or underserved areas. This market is expected to grow from around $100 billion in 2025 to $223 billion in 2033.
- SPACE EXPLORATION, ROCKETS AND TRANSPORTATION SERVICES: Industry involved in designing, building, and operating launch vehicles and spacecraft for satellite deployment, scientific missions, and human spaceflight. This market is expected to grow from around $630 billion in 2025 to $1.8 trillion in 2035.
SPACEX
- COMPANY: SpaceX is an aerospace company founded in 2002 by Elon Musk. Its goal is to make space travel cheaper and help humans eventually live on other planets, especially Mars. It is now one of the leading companies in the global space industry.
- MAIN BUSINESS: SpaceX designs and builds rockets and spacecrafts, including Falcon 9, Falcon Heavy, Dragon, and Starship. It launches satellites and cargo into space for private companies and governments, and also provides human spaceflight services.
- STARLINK: SpaceX runs Starlink, a satellite internet system that provides high-speed internet worldwide using thousands of low-orbit satellites. It is used by individuals, businesses, transport companies, and governments, and is an important source of income.
- STARSHIP PROJECT: Starship is SpaceX’s next-generation rocket system designed to be fully reusable and much cheaper to operate. It is the most powerful rocket system being developed and is planned for missions to Earth orbit, the Moon, and Mars, carrying large cargo and people.
- U.S. GOVERNMENT COOPERATION: SpaceX works closely with the U.S. government, especially NASA, to send astronauts and cargo to the International Space Station. It also launches satellites for the U.S. military and other government agencies.
- COMPETITION: SpaceX competes with companies like Blue Origin, United Launch Alliance, Arianespace, and Rocket Lab, as well as Chinese state space companies. It leads the market mainly because its rockets can be reused, making launches cheaper.
- HOW IT MAKES MONEY: SpaceX earns money mainly from rocket launches, government contracts, and Starlink internet subscriptions.
SPACEX: FINANCIALS
- REVENUE IN 2025: $18.7 BILLION. This is up 33.57% from 2024’s $14 billion.
- NET LOSS IN 2025: $4.9 BILLION. This is compared to 2024’s net income of $0.8 billion.
- CASH: $20 - $23 BILLION.
FORECASTS
- GOLDMAN SACHS: Goldman Sachs projects that SpaceX's total annual revenue will reach $474 billion by 2030.
- MORGAN STANLEY: Total annual company revenue is projected to approach $330 billion by 2030. Morgan Stanley believes SpaceX could generate as much as $3.4 trillion in annual revenue by 2040.
- NEW STREET RESEARCH: The company estimates SpaceX stock price at $165.
- OPENHAIMER: The company estimates SpaceX stock price at $190.
SPACEX: OWNERSHIP STRUCTURE
- CEO ELON MUSK: Owns 42% of the company and holds 82% of controlling package at SpaceX.
- ELON’S LOCK- UP PERIOD AFTER IPO: 366 Days. Elon Musk will not be able to sell a share for the first 366 after the IPO.
Sources: Reuters, CNBC, Bloomberg, Nasdaq, Barron’s, Grand View Research, Oppenheimer Research, Business Insider
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