AI spending is exploding, but profits are struggling to keep up. Tech giants are pouring hundreds of billions of dollars into AI infrastructure, data centres, and advanced computing systems, raising concerns among investors. With global AI-related capital expenditure estimated at around $725 billion and current AI revenue far lower, questions are growing about whether the AI boom is becoming too expensive. Are companies investing for the future-or creating the next tech bubble? Here's what the numbers reveal.

SpaceX revenue soars in public debut 

Elon Musk remains the world's richest person, but his fortune has suffered one of the sharpest declines ever recorded after heavy selling in Tesla and SpaceX shares. According to the Bloomberg Billionaires Index, Musk's net worth has fallen below the level it stood at before SpaceX's blockbuster stock market debut. His estimated fortune has dropped from around $1.45 trillion to just over $700 billion, wiping out roughly $650 billion in paper wealth within just a few weeks. The decline follows a steep correction in SpaceX shares, which have fallen around 45% since their record-breaking IPO, while Tesla stock has dropped approximately 17% after reporting weaker-than-expected second-quarter earnings.

Elon Musk Loses Nearly $650 Billion In Weeks | Tesla And SpaceX Selloff Ends Trillionaire Status


The artificial intelligence boom is creating wealth far beyond Silicon Valley. As AI startups race toward blockbuster IPOs and multi-billion-dollar valuations, founders, investors, and early employees are pouring money into private aviation. Industry data shows a sharp rise in private jet purchases, charter bookings, and shared ownership programs, with San Francisco and Texas witnessing record business jet traffic. Reuters reports that AI-driven fortunes, combined with SpaceX's landmark IPO, are reshaping the luxury aviation industry. Watch how the AI revolution is giving private aviation a powerful new tailwind.

AI startup billionaires are buying private jets | SpaceX IPO sparks massive aviation boom

China on Friday (July 10) became the second country after the United States to successfully demonstrate a reusable orbital-class rocket after completing the first controlled recovery of a reusable booster during the maiden launch of its Long March 10B carrier rocket. The achievement marks a major milestone in the country's efforts to develop reusable space technology.&nbsp;The feat comes more than a decade after US company SpaceX, founded by Elon Musk, became the first to recover an orbital-class rocket booster in December 2015.&nbsp;Beijing celebrated the milestone, calling it "A historic day for China's space program!""A historic day in China’s space program!&nbsp;"China’s Long March-10B has successfully completed its maiden flight—and recovered its first stage via a sea-based net. This marks the country’s first-ever controlled rocket recovery. A major leap toward reusable launch capabilities," Mao Ning, Spokesperson of the Ministry of Foreign Affairs of China, wrote on X.

<blockquote class="twitter-tweet" data-media-max-width="560">A historic day in China’s space program! China’s Long March-10B has successfully completed its maiden flight—and recovered its first stage via a sea-based net. This marks the country’s first-ever controlled rocket recovery. A major leap toward reusable launch capabilities.… <a href="https://t.co/FWuQXLltaD">pic.twitter.com/FWuQXLltaD</a>&mdash; Mao Ning 毛宁 (@SpoxCHN_MaoNing) <a href="https://x.com/SpoxCHN_MaoNing/status/2075495374618538318?ref_src=twsrc%5Etfw">July 10, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

Unlike SpaceX's Falcon 9, which lands autonomously on drone ships or landing pads using deployable legs, China's Long March 10B uses landing hooks to catch a net suspended on a sea platform.&nbsp;SpaceX completed its first successful Falcon 9 booster landing after an orbital mission in December 2015, while Blue Origin's New Glenn achieved its first successful landing in November 2025.&nbsp;Also Read: <a href="https://www.wionews.com/world/qatari-negotiators-in-iran-to-de-escalate-tensions-after-fresh-us-iran-escalation-1783688985601">Qatari negotiators in Iran to de-escalate tensions after fresh US-Iran escalation</a>&nbsp;China has spent nearly a decade working on reusable rocket technology through a series of low-altitude hover tests and orbital booster recovery experiments. A successful reusable launch system is expected to reduce launch costs while supporting the country's rapidly expanding commercial satellite network.&nbsp;Last December, two other Chinese reusable rockets attempted SpaceX-style vertical landings using grid fins and landing legs. However, both missions failed, according to the Hong Kong-based South China Morning Post.

China became the second country to successfully recover a reusable orbital-class rocket booster after completing the maiden controlled recovery of its Long March 10B rocket

China on Friday (July 10) became the second country after the United States to successfully demonstrate a reusable orbital-class rocket after completing the first controlled recovery of a reusable booster during the maiden launch of its Long March 10B carrier rocket. The achievement marks a major milestone in the country's efforts to develop reusable space technology. The feat comes more than a decade after US company SpaceX, founded by Elon Musk, became the first to recover an orbital-class rocket booster in December 2015. Beijing celebrated the milestone, calling it "A historic day for China's space program!" "A historic day in China’s space program! "China’s Long March-10B has successfully completed its maiden flight—and recovered its first stage via a sea-based net. This marks the country’s first-ever controlled rocket recovery. A major leap toward reusable launch capabilities," Mao Ning, Spokesperson of the Ministry of Foreign Affairs of China, wrote on X.

China became the second country to successfully recover a reusable orbital-class rocket booster after completing the maiden controlled recovery of its Long March 10B rocket

Watch | China does a SpaceX: Achieves first-ever controlled recovery of reusable rocket

SpaceX sold $25 billion of investment-grade bonds on Tuesday to cut the interest burden that had helped finance Elon Musk's 2022 acquisition of X (then known as Twitter), along with the expensive loans and bonds issued by artificial intelligence (AI) lab xAI last year. Had these businesses remained separate, they would have paid an estimated $1.8 billion this year to service a combined debt burden of $17.5 billion. Following their integration into SpaceX, the company is expected to incur around $1.5 billion in annual interest payments on its first-ever $25 billion bond offering. Prior to SpaceX's landmark $75 billion IPO earlier this month, Elon Musk consolidated several of his ventures into a single conglomerate, a move that drew strong investor enthusiasm despite the group not yet being profitable. Musk has effectively used revenue after selling Starlink's satellite internet service and SpaceX's rocket contracts with the US government to assist large spending at xAI, which holds X. "To invest in this, you've essentially got to be a believer," said Art Hogan, chief market strategist at B. Riley Wealth. "You have to believe revenues are going to ramp significantly over the coming years." Investors have shown confidence in the demand for SpaceX's debt offering, which received up to $89 billion in orders. The strong appetite prompted the firm to secure lower borrowing costs during the sale process. The demand persisted even as SpaceX shares experienced volatility, losing roughly 25 per cent of their value over three trading sessions before recovering slightly on Tuesday. However, a SpaceX spokesperson didn't quickly respond to the ongoing development.&nbsp;Also read: <a href="https://www.wionews.com/photos/heavy-hitter-how-many-missiles-can-a-b-52-bomber-carry-at-once-1782285270342">Heavy hitter: How many missiles can a B-52 bomber carry at once?</a><h3>Competition with AI firms</h3>Securing accessibility of the investment-grade bond market was a significant move in funding xAI's efforts to compete with the AI firms such as Anthropic PBC and OpenAI. Previously, the company's higher-risk credit profile limited it to sell leveraged loans and high-yield or junk bonds, where debt is pricey. However, after SpaceX acquired xAI in February, winning investment-grade ratings from top credit graders, the company has unlocked access to the cheaper US high-grade bond market, providing SpaceX access to deeper pockets. "They are going to need more debt to fund their expansion," said Robert Schiffman, a senior credit analyst at Bloomberg Intelligence. "If you're going to have a balance sheet with $80 to $100 billion plus of debt, you can't finance that in the junk market." The global push to build data centres and supporting infrastructure for the artificial intelligence boom is projected to require trillions of dollars in investment. To fund their AI expansion plans, highly profitable companies such as Nvidia and Amazon.com have increasingly tapped the corporate bond market, a trend expected to accelerate in the years ahead. In recent weeks, SpaceX, through xAI, has secured several multi-billion-dollar computing agreements with Anthropic, Google and AI startup Reflection, strengthening its AI-related revenue stream. However, according to public filings, xAI reported revenue of $3.2 billion last year while posting an operating loss of $6.4 billion. The company's annual losses have grown sharply from approximately $1.6 billion recorded in 2024.

The strong appetite prompted the firm to secure lower borrowing costs during the sale process. The demand persisted even as SpaceX shares experienced volatility, losing roughly 25 per cent of their value over three trading sessions before recovering slightly on Tuesday.

SpaceX sold $25 billion of investment-grade bonds on Tuesday to cut the interest burden that had helped finance Elon Musk's 2022 acquisition of X (then known as Twitter), along with the expensive loans and bonds issued by artificial intelligence (AI) lab xAI last year. Had these businesses remained separate, they would have paid an estimated $1.8 billion this year to service a combined debt burden of $17.5 billion. Following their integration into SpaceX, the company is expected to incur around $1.5 billion in annual interest payments on its first-ever $25 billion bond offering. Prior to SpaceX's landmark $75 billion IPO earlier this month, Elon Musk consolidated several of his ventures into a single conglomerate, a move that drew strong investor enthusiasm despite the group not yet being profitable. Musk has effectively used revenue after selling Starlink's satellite internet service and SpaceX's rocket contracts with the US government to assist large spending at xAI, which holds X. "To invest in this, you've essentially got to be a believer," said Art Hogan, chief market strategist at B. Riley Wealth. "You have to believe revenues are going to ramp significantly over the coming years." Investors have shown confidence in the demand for SpaceX's debt offering, which received up to $89 billion in orders. The strong appetite prompted the firm to secure lower borrowing costs during the sale process. The demand persisted even as SpaceX shares experienced volatility, losing roughly 25 per cent of their value over three trading sessions before recovering slightly on Tuesday. However, a SpaceX spokesperson didn't quickly respond to the ongoing development. Also read: Heavy hitter: How many missiles can a B-52 bomber carry at once? Competition with AI firms Securing accessibility of the investment-grade bond market was a significant move in funding xAI's efforts to compete with the AI firms such as Anthropic PBC and OpenAI. Previously, the company's higher-risk credit profile limited it to sell leveraged loans and high-yield or junk bonds, where debt is pricey. However, after SpaceX acquired xAI in February, winning investment-grade ratings from top credit graders, the company has unlocked access to the cheaper US high-grade bond market, providing SpaceX access to deeper pockets. "They are going to need more debt to fund their expansion," said Robert Schiffman, a senior credit analyst at Bloomberg Intelligence. "If you're going to have a balance sheet with $80 to $100 billion plus of debt, you can't finance that in the junk market." The global push to build data centres and supporting infrastructure for the artificial intelligence boom is projected to require trillions of dollars in investment. To fund their AI expansion plans, highly profitable companies such as Nvidia and Amazon.com have increasingly tapped the corporate bond market, a trend expected to accelerate in the years ahead. In recent weeks, SpaceX, through xAI, has secured several multi-billion-dollar computing agreements with Anthropic, Google and AI startup Reflection, strengthening its AI-related revenue stream. However, according to public filings, xAI reported revenue of $3.2 billion last year while posting an operating loss of $6.4 billion. The company's annual losses have grown sharply from approximately $1.6 billion recorded in 2024.

The strong appetite prompted the firm to secure lower borrowing costs during the sale process. The demand persisted even as SpaceX shares experienced volatility, losing roughly 25 per cent of their value over three trading sessions before recovering slightly on Tuesday.

Elon Musk's SpaceX sells $25 bn in bond to ease X and xAI debt burden

Elon Musk's SpaceX recently made financial history with what was described as the world's largest ever IPO, raising $75 billion and debuting at a valuation of $1 trillion. The listing transformed the global space technology sector and triggered a sharp rise in the company's stock price, pushing Musk's personal wealth beyond the trillion-dollar mark.&nbsp;Against this backdrop, India is preparing for what could become its largest stock market listing. Jio Platforms, the digital arm of Reliance Industries, has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering that could raise about $4 billion, or nearly ₹37,700 crore.<h2>What is Jio Platforms planning?</h2>Jio Platforms Ltd, which houses India's largest telecom operator along with several digital businesses, submitted its Draft Red Herring Prospectus on Friday.&nbsp;&nbsp;The IPO is structured entirely as a fresh issue of shares, meaning the company will retain all funds raised through the offering. The draft filing states that the IPO will consist of a fresh issue of up to 270 million shares with a face value of ₹10 each. The final price will be determined through the book-building process under SEBI regulations.&nbsp;<h2>Why is the IPO significant?</h2>At an implied valuation of nearly ₹9.5 trillion, the proposed listing could surpass the National Stock Exchange's own planned public issue, which is expected to raise around ₹30,000 crore.&nbsp;The offering would also mark the first public listing of a consumer-facing Reliance business. It comes a decade after Reliance Jio's launch in 2016, which reshaped India's telecom sector through free voice services and affordable mobile data.&nbsp;This would be Reliance Industries' second major listing in recent years after the demerger and stock market debut of Jio Finance in August 2023.&nbsp;For FY26, Jio Platforms reported revenue of ₹1.47 trillion and profit after tax of approximately ₹30,000 crore.&nbsp;Notably, the IPO does not include any offer for sale by existing investors. Shareholders such as Meta, Google, KKR, Silver Lake and General Atlantic, which together invested about $20 billion in Jio Platforms in 2020, will continue to hold their stakes. Collectively, these investors own 30.89 per cent of the company, while Reliance Industries holds 66.43 per cent.&nbsp;“This is a deeply emotional moment for me, for the entire Reliance family, and millions of its shareholders,” Reliance Industries Chairman Mukesh Ambani, 69, told shareholders at the company's 49th annual general meeting on Friday, describing the Jio Platforms IPO as the group's “most important value-creation milestone this year.”&nbsp;Also Read: <a href="https://www.wionews.com/india-news/india-secures-major-role-at-fatf-all-about-the-watchdog-that-previously-put-pakistan-on-the-grey-list-1781896040812">India secures major role at FATF: All about the watchdog that previously put Pakistan on the grey list</a>&nbsp;<h2>What comes next for Jio?</h2>Alongside the IPO plans, Jio Platforms outlined its future growth strategy. Managing Director Akash Ambani said the company intends to build an indigenous low-earth-orbit communications satellite constellation while also leasing capacity from leading global satellite operators to expand broadband connectivity in underserved regions.&nbsp;Reliance also highlighted its growing focus on artificial intelligence. Akash Ambani said Jio plans to launch an AI agent integrated directly into its network later this year, removing the need for users to download separate applications.

Jio Platforms has filed draft IPO papers with Sebi for a public offering worth up to $4 billion (₹37,700 crore), which could become India's largest-ever stock market listing.

Elon Musk's SpaceX recently made financial history with what was described as the world's largest ever IPO, raising $75 billion and debuting at a valuation of $1 trillion. The listing transformed the global space technology sector and triggered a sharp rise in the company's stock price, pushing Musk's personal wealth beyond the trillion-dollar mark. Against this backdrop, India is preparing for what could become its largest stock market listing. Jio Platforms, the digital arm of Reliance Industries, has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering that could raise about $4 billion, or nearly ₹37,700 crore. What is Jio Platforms planning? Jio Platforms Ltd, which houses India's largest telecom operator along with several digital businesses, submitted its Draft Red Herring Prospectus on Friday. The IPO is structured entirely as a fresh issue of shares, meaning the company will retain all funds raised through the offering. The draft filing states that the IPO will consist of a fresh issue of up to 270 million shares with a face value of ₹10 each. The final price will be determined through the book-building process under SEBI regulations. Why is the IPO significant? At an implied valuation of nearly ₹9.5 trillion, the proposed listing could surpass the National Stock Exchange's own planned public issue, which is expected to raise around ₹30,000 crore. The offering would also mark the first public listing of a consumer-facing Reliance business. It comes a decade after Reliance Jio's launch in 2016, which reshaped India's telecom sector through free voice services and affordable mobile data. This would be Reliance Industries' second major listing in recent years after the demerger and stock market debut of Jio Finance in August 2023. For FY26, Jio Platforms reported revenue of ₹1.47 trillion and profit after tax of approximately ₹30,000 crore. Notably, the IPO does not include any offer for sale by existing investors. Shareholders such as Meta, Google, KKR, Silver Lake and General Atlantic, which together invested about $20 billion in Jio Platforms in 2020, will continue to hold their stakes. Collectively, these investors own 30.89 per cent of the company, while Reliance Industries holds 66.43 per cent. “This is a deeply emotional moment for me, for the entire Reliance family, and millions of its shareholders,” Reliance Industries Chairman Mukesh Ambani, 69, told shareholders at the company's 49th annual general meeting on Friday, describing the Jio Platforms IPO as the group's “most important value-creation milestone this year.” Also Read: India secures major role at FATF: All about the watchdog that previously put Pakistan on the grey list What comes next for Jio? Alongside the IPO plans, Jio Platforms outlined its future growth strategy. Managing Director Akash Ambani said the company intends to build an indigenous low-earth-orbit communications satellite constellation while also leasing capacity from leading global satellite operators to expand broadband connectivity in underserved regions. Reliance also highlighted its growing focus on artificial intelligence. Akash Ambani said Jio plans to launch an AI agent integrated directly into its network later this year, removing the need for users to download separate applications.

Jio Platforms has filed draft IPO papers with Sebi for a public offering worth up to $4 billion (₹37,700 crore), which could become India's largest-ever stock market listing.

After SpaceX's biggest-ever IPO, Jio Platforms targets India's largest listing | Know all about it

In its blockbuster IPO on Friday (Jun 12), SpaceX sold roughly 555.6 million new Class A common shares at $135 apiece at a valuation of roughly $1.75 trillion, turning founder Elon Musk into a trillionaire. The IPO floated 4.3 per cent of SpaceX's equity. Musk's nearly 42 per cent stake and voting control were essentially untouched by the listing, as the IPO consisted mostly of newly issued shares rather than insiders cashing out. IPO sales came mainly from these newly issued shares, plus a roughly $3.75 billion friends-and-family tranche.<h2>How SpaceX IPO was lapped up by institutional and retail investors</h2>Out of the 4.3 per cent of the company that was offered in the IPO, SpaceX initially targeted roughly 30 per cent retail participation. However, demand reshaped the allocation, and up to 80 per cent of the offered shares eventually went to institutional investors. So, out of the $75 billion offered, a little over 20 per cent went to retail investors, worth an estimated $16-17 billion, while up to 80 per cent went to institutional investors, estimated about $59 billion, according to reports.The offering was oversubscribed by 3.5 to 4 times the $75 billion sought. Retail orders reportedly exceeded $100 billion, making it the biggest IPO debut for retail investors in recent memory.The institutional investors included pension funds, mutual funds, sovereign wealth funds, hedge funds, asset managers and strategic investors. Retail investors used platforms such as Robinhood, Fidelity, Charles Schwab, SoFi and E-Trade.Priced at $135, the stock opened at $150, up 11 per cent, briefly rose more than 30 per cent, and closed its first day at $160.95, up about 19.2 per cent.<a href="https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523/embed">https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523/embed</a><h2>What percentage does Musk own now in SpaceX?</h2>Musk's SpaceX stake, worth around $1 trillion, remained up to five times more valuable than all the shares sold to the public in the IPO combined. Even after becoming a public company, he likely retained near-effective control because of his large equity stake and super-voting shares.According to SpaceX's S-1 filing, submitted publicly on May 20 after a confidential April 1 draft, Musk will control 82.4 per cent of the voting power after the IPO, as confirmed in the S-1/A amendment filed on June 3. Some post-IPO reports put that voting power at 85 per cent. Either way, it means Musk has unassailable majority vote.It is important to note that the listed SpaceX entity is no longer just the rocket company. After absorbing xAI and X in February 2026, the filing consolidated all three businesses. Therefore, the 42 per cent Musk ownership figure refers to the combined entity.His voting control is significantly higher because of the dual-class share structure, with Class B shares carrying super-voting rights, typically 10 votes per share compared with one vote for Class A shares.Also read: <a href="https://www.wionews.com/business-economy/failed-3-times-before-success-what-can-founders-learn-from-spacex-s-first-three-failures-1781345514081">Failed 3 times before success: What can founders learn from SpaceX's first three failures?</a><h2>If Elon Musk still owns 42 per cent of SpaceX, who owns the rest?</h2>It is important to note that the US Securities and Exchange Commission (SEC) requires companies to disclose only beneficial owners holding 5 per cent or more of a share class.Every investor below that threshold, in this case most funds and all employees, is aggregated rather than itemised. The only other holders named in the filing with more than 5 per cent ownership are as follows:Antonio Gracias, a board member since 2010, is the largest individual shareholder after Musk. He holds more than 503 million Class A shares, representing about a 7.3 per cent stake according to the S-1 filing.Class B super-voting holders are strikingly few. Apart from Musk, they include SpaceX President and COO Gwynne Shotwell and Ira Ehrenpreis of DBL Partners. Ehrenpreis holds 564,650 Class B shares and 809,050 Class A shares. This structure keeps voting control firmly concentrated regardless of equity dilution.Everyone else, including institutional and employee shareholders pre-IPO, are not individually broken out in the SEC filing.<h2>Either way, all SpaceX shareholders are richer now</h2>Major pre-IPO institutional investors of SpaceX include Andreessen Horowitz, DFJ Growth, Founders Fund of Peter Theil, Sequoia Capital, Valor Equity Partners, Thrive Capital, Alphabet, Baillie Gifford, D1 Capital Partners, Fidelity, Baron Capital, T. Rowe Price and 137 Ventures.However, there is no uniformity in reporting regarding the percentage stakes these firms hold.Alphabet, Google's parent company, is estimated to hold around 6-7.5 per cent, based on a $900 million investment made during the 2015 Series F round.Founders Fund has been invested in SpaceX since 2008 and is estimated to hold about 1.5 per cent. However, some reports suggest that Fidelity, Founders Fund, Sequoia, Alphabet and Valor each hold stakes of 2 per cent or less.Also read: <a href="https://www.wionews.com/world/spacex-just-made-history-1-8-trillion-ipo-is-the-biggest-listing-ever-1781284160310">SpaceX just made history! $1.8 trillion IPO is the biggest listing ever</a>SpaceX employees collectively hold an undisclosed share of the company. Notably, Donald Trump Jr., son of the US president, is among the shareholders through venture firm 1789 Capital.All non-Musk shareholders combined may now own more than $1 trillion worth of SpaceX stock.While there are discrepancies in the reporting, one thing is clear: the IPO created or expanded wealth for thousands of employees and investors simultaneously.

SpaceX's IPO floated about 4.5 per cent of the company, but Musk retained roughly 42 per cent ownership and 82.4 per cent voting control. Who owns the rest, including major pre-IPO investors and employees?

In its blockbuster IPO on Friday (Jun 12), SpaceX sold roughly 555.6 million new Class A common shares at $135 apiece at a valuation of roughly $1.75 trillion, turning founder Elon Musk into a trillionaire. The IPO floated 4.3 per cent of SpaceX's equity. Musk's nearly 42 per cent stake and voting control were essentially untouched by the listing, as the IPO consisted mostly of newly issued shares rather than insiders cashing out. IPO sales came mainly from these newly issued shares, plus a roughly $3.75 billion friends-and-family tranche. How SpaceX IPO was lapped up by institutional and retail investors Out of the 4.3 per cent of the company that was offered in the IPO, SpaceX initially targeted roughly 30 per cent retail participation. However, demand reshaped the allocation, and up to 80 per cent of the offered shares eventually went to institutional investors. So, out of the $75 billion offered, a little over 20 per cent went to retail investors, worth an estimated $16-17 billion, while up to 80 per cent went to institutional investors, estimated about $59 billion, according to reports. The offering was oversubscribed by 3.5 to 4 times the $75 billion sought. Retail orders reportedly exceeded $100 billion, making it the biggest IPO debut for retail investors in recent memory. The institutional investors included pension funds, mutual funds, sovereign wealth funds, hedge funds, asset managers and strategic investors. Retail investors used platforms such as Robinhood, Fidelity, Charles Schwab, SoFi and E-Trade. Priced at $135, the stock opened at $150, up 11 per cent, briefly rose more than 30 per cent, and closed its first day at $160.95, up about 19.2 per cent. https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523/embed What percentage does Musk own now in SpaceX? Musk's SpaceX stake, worth around $1 trillion, remained up to five times more valuable than all the shares sold to the public in the IPO combined. Even after becoming a public company, he likely retained near-effective control because of his large equity stake and super-voting shares. According to SpaceX's S-1 filing, submitted publicly on May 20 after a confidential April 1 draft, Musk will control 82.4 per cent of the voting power after the IPO, as confirmed in the S-1/A amendment filed on June 3. Some post-IPO reports put that voting power at 85 per cent. Either way, it means Musk has unassailable majority vote. It is important to note that the listed SpaceX entity is no longer just the rocket company. After absorbing xAI and X in February 2026, the filing consolidated all three businesses. Therefore, the 42 per cent Musk ownership figure refers to the combined entity. His voting control is significantly higher because of the dual-class share structure, with Class B shares carrying super-voting rights, typically 10 votes per share compared with one vote for Class A shares. Also read: Failed 3 times before success: What can founders learn from SpaceX's first three failures? If Elon Musk still owns 42 per cent of SpaceX, who owns the rest? It is important to note that the US Securities and Exchange Commission (SEC) requires companies to disclose only beneficial owners holding 5 per cent or more of a share class. Every investor below that threshold, in this case most funds and all employees, is aggregated rather than itemised. The only other holders named in the filing with more than 5 per cent ownership are as follows: Antonio Gracias, a board member since 2010, is the largest individual shareholder after Musk. He holds more than 503 million Class A shares, representing about a 7.3 per cent stake according to the S-1 filing. Class B super-voting holders are strikingly few. Apart from Musk, they include SpaceX President and COO Gwynne Shotwell and Ira Ehrenpreis of DBL Partners. Ehrenpreis holds 564,650 Class B shares and 809,050 Class A shares. This structure keeps voting control firmly concentrated regardless of equity dilution. Everyone else, including institutional and employee shareholders pre-IPO, are not individually broken out in the SEC filing. Either way, all SpaceX shareholders are richer now Major pre-IPO institutional investors of SpaceX include Andreessen Horowitz, DFJ Growth, Founders Fund of Peter Theil, Sequoia Capital, Valor Equity Partners, Thrive Capital, Alphabet, Baillie Gifford, D1 Capital Partners, Fidelity, Baron Capital, T. Rowe Price and 137 Ventures. However, there is no uniformity in reporting regarding the percentage stakes these firms hold. Alphabet, Google's parent company, is estimated to hold around 6-7.5 per cent, based on a $900 million investment made during the 2015 Series F round. Founders Fund has been invested in SpaceX since 2008 and is estimated to hold about 1.5 per cent. However, some reports suggest that Fidelity, Founders Fund, Sequoia, Alphabet and Valor each hold stakes of 2 per cent or less. Also read: SpaceX just made history! $1.8 trillion IPO is the biggest listing ever SpaceX employees collectively hold an undisclosed share of the company. Notably, Donald Trump Jr., son of the US president, is among the shareholders through venture firm 1789 Capital. All non-Musk shareholders combined may now own more than $1 trillion worth of SpaceX stock. While there are discrepancies in the reporting, one thing is clear: the IPO created or expanded wealth for thousands of employees and investors simultaneously.

SpaceX's IPO floated 4.3 per cent of the company, but Musk retained roughly 42 per cent ownership and 82.4 per cent voting control. Who owns the rest, including major pre-IPO investors and employees?

SpaceX after IPO: Musk became a trillionaire, but who all own what percentage of the company? Why we may never know

After SpaceX's initial public offering on Friday (Jun 12), Elon Musk's combined SpaceX and Tesla stakes put his net worth at roughly $1.05 trillion, making him Earth's first trillionaire. It would be interesting to compare his net worth with the Gross Domestic Product of various nations. A basic comparison shows that Musk's net worth is more than the GDP of nearly 160 countries. Let's analyse the data with figures mainly taken from the International Monetary Fund (IMF).<h2>Crunching the numbers: Nominal GDP estimates of nations</h2>At the time of writing this, the GDP of top nations in IMF website at current prices , also known as nominal GDP, is given below, in the order of Rank, country&nbsp;and GDP in US$ trillion. 1. United States&nbsp;&nbsp;&nbsp;&nbsp;32.38 2.&nbsp;&nbsp;&nbsp;&nbsp;China&nbsp;&nbsp;&nbsp;&nbsp;20.85 3.&nbsp;&nbsp;&nbsp;&nbsp;Germany&nbsp;&nbsp;&nbsp;&nbsp;5.45 4&nbsp;.&nbsp;&nbsp;&nbsp;Japan&nbsp;&nbsp;&nbsp;&nbsp;4.4 5.&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom&nbsp;&nbsp;&nbsp;&nbsp;4.26 6.&nbsp;&nbsp;&nbsp;&nbsp;India&nbsp;&nbsp;&nbsp;&nbsp;4.15 7.&nbsp;&nbsp;&nbsp;&nbsp;France&nbsp;&nbsp;&nbsp;&nbsp;3.6 8.&nbsp;&nbsp;&nbsp;&nbsp;Russia&nbsp;&nbsp;&nbsp;&nbsp;2.7 9.&nbsp;&nbsp;&nbsp;&nbsp;Italy&nbsp;&nbsp;&nbsp;&nbsp;2.7 10.&nbsp;&nbsp;&nbsp;&nbsp;Brazil&nbsp;&nbsp;&nbsp;&nbsp;2.6 11.&nbsp;&nbsp;&nbsp;&nbsp;Canada&nbsp;&nbsp;&nbsp;&nbsp;2.5 12.&nbsp;&nbsp;&nbsp;&nbsp;Spain&nbsp;&nbsp;&nbsp;&nbsp;2.1 13.&nbsp;&nbsp;&nbsp;&nbsp;Australia&nbsp;&nbsp;&nbsp;&nbsp;2.1214.&nbsp;&nbsp;&nbsp;&nbsp;Mexico&nbsp;&nbsp;&nbsp;&nbsp;2.12 15.&nbsp;&nbsp;&nbsp;&nbsp;South Korea&nbsp;&nbsp;&nbsp;&nbsp;1.9 16.&nbsp;&nbsp;&nbsp;&nbsp;Turkey&nbsp;&nbsp;&nbsp;&nbsp;1.6 17.&nbsp;&nbsp;&nbsp;&nbsp;Indonesia&nbsp;&nbsp;&nbsp;&nbsp;1.5 18.&nbsp;&nbsp;&nbsp;&nbsp;Netherlands&nbsp;&nbsp;&nbsp;&nbsp;1.45 19.&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabia&nbsp;&nbsp;&nbsp;&nbsp;1.39 20.&nbsp;&nbsp;&nbsp;&nbsp;Switzerland&nbsp;&nbsp;&nbsp;&nbsp;1.1 21.&nbsp;&nbsp;&nbsp;&nbsp;Poland&nbsp;&nbsp;&nbsp;&nbsp;1.1 22. Taiwan&nbsp;&nbsp;&nbsp;&nbsp;0.9<h2>How does Elon Musk's wealth compare to richest 10 nations?</h2>For the year 2025, the top 10 GDPs were the United States at $30.6 trillion, China at $19.4 trillion, Germany at $5.01 trillion, Japan at $4.28 trillion, India at $4.13 trillion, the United Kingdom at $3.96 trillion, France at $3.36 trillion, Italy at $2.54 trillion, Russia at $2.54 trillion and Canada at $2.28 trillion. This means Musk's wealth is around 3.4 per cent of US GDP in 2025. For China, it is 5.4 per cent while for Germany it is 21 per cent. Musk's fortune would be 24.5 per cent of Japan's GDP and &nbsp;26.5 per cent of UK's, 31 per cent of France's, 41 per cent of Italy's, 41 per cent of Russia's and 42.56 per cent of Canada's.Also read: <a href="https://www.wionews.com/business-economy/spacex-went-public-today-but-indians-couldn-t-buy-stock-in-ipo-here-s-why-1781284656634/amp">SpaceX went public today but Indians couldn't buy stock in IPO! Here's why</a><h2>How does Musk's fortune compare with India's economy?</h2>Musk's fortune equals about a quarter of India's $4.1 trillion economy. &nbsp;A $1 trillion fortune is about 25 per cent of India's annual economic output.<a href="https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523">https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523</a><h2>Musk's net worth nearly equals 10 nations' GDP</h2>Every economy from rank 17 down to around rank 21 is individually worth roughly $1 trillion or more. &nbsp;Musk's $1.05 trillion networth is nearly the size of some of world's 20th-largest economies, such as Poland and Switzerland. This means one man's paper wealth roughly equals the entire annual output of several nations. The next few countries have economies lesser than Musk's net worth, including Belgium and Argentina, both at around $0.7 trillion.Also read: <a href="https://www.wionews.com/business-economy/spacex-ipo-soars-and-elon-musk-becomes-world-s-first-trillionaire-1781288775478/amp">SpaceX IPO soars and Elon Musk becomes world's FIRST trillionaire</a><h2>How does Musk's wealth compare to the African continent and the world?</h2>The combined nominal GDP of all African nations would be around $6 trillion. Out of this, Sub-Saharan Africa's output is roughly $2.5 trillion, and the rest comes mainly from North African economies such as Egypt, Algeria, Morocco, Tunisia, and Libya. Musk's $1 trillion plus net worth would be about 25 per cent of Africa's total output. World GDP is around $124 trillion as per IMF 2026 estimates. In other words, $1 trillion is about 1 dollar out of every 124 dollars produced globally each year.Also read: <a href="https://www.wionews.com/world/spacex-just-made-history-1-8-trillion-ipo-is-the-biggest-listing-ever-1781284160310/amp">SpaceX just made history! $1.8 trillion IPO is the biggest listing ever</a><h2>But is it fair to compare Musk's net worth to GDPs of nations?</h2>Quick economics lesson here: Net worth is the value of assets owned by a person. GDP is the value of goods and services produced in one year by an entire economy. A person's net worth is volatile and mostly illiquid equity, not official statistics. Musk himself has noted that his wealth almost entirely consists of his stock holdings in the two companies he heads: Tesla and SpaceX, with under 0.1 per cent in cash. This is a notional value, or paper wealth. From this perspective, it is not strictly an apples-to-apples comparison.

After SpaceX's IPO, Elon Musk's net worth reached about $1.05 trillion. While still a notional number, the amount surpasses the GDP of over 160 countries. Here is how his fortune compares with India, major economies, Africa, and the world.

After SpaceX's initial public offering on Friday (Jun 12), Elon Musk's combined SpaceX and Tesla stakes put his net worth at roughly $1.05 trillion, making him Earth's first trillionaire. It would be interesting to compare his net worth with the Gross Domestic Product of various nations. A basic comparison shows that Musk's net worth is more than the GDP of nearly 160 countries. Let's analyse the data with figures mainly taken from the International Monetary Fund (IMF). Crunching the numbers: Nominal GDP estimates of nations At the time of writing this, the GDP of top nations in IMF website at current prices , also known as nominal GDP, is given below, in the order of Rank, country and GDP in US$ trillion. 1. United States 32.38 2. China 20.85 3. Germany 5.45 4 . Japan 4.4 5. United Kingdom 4.26 6. India 4.15 7. France 3.6 8. Russia 2.7 9. Italy 2.7 10. Brazil 2.6 11. Canada 2.5 12. Spain 2.1 13. Australia 2.12 14. Mexico 2.12 15. South Korea 1.9 16. Turkey 1.6 17. Indonesia 1.5 18. Netherlands 1.45 19. Saudi Arabia 1.39 20. Switzerland 1.1 21. Poland 1.1 22. Taiwan 0.9 How does Elon Musk's wealth compare to richest 10 nations? For the year 2025, the top 10 GDPs were the United States at $30.6 trillion, China at $19.4 trillion, Germany at $5.01 trillion, Japan at $4.28 trillion, India at $4.13 trillion, the United Kingdom at $3.96 trillion, France at $3.36 trillion, Italy at $2.54 trillion, Russia at $2.54 trillion and Canada at $2.28 trillion. This means Musk's wealth is around 3.4 per cent of US GDP in 2025. For China, it is 5.4 per cent while for Germany it is 21 per cent. Musk's fortune would be 24.5 per cent of Japan's GDP and 26.5 per cent of UK's, 31 per cent of France's, 41 per cent of Italy's, 41 per cent of Russia's and 42.56 per cent of Canada's. Also read: SpaceX went public today but Indians couldn't buy stock in IPO! Here's why How does Musk's fortune compare with India's economy? Musk's fortune equals about a quarter of India's $4.1 trillion economy. A $1 trillion fortune is about 25 per cent of India's annual economic output. https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523 Musk's net worth nearly equals 10 nations' GDP Every economy from rank 17 down to around rank 21 is individually worth roughly $1 trillion or more. Musk's $1.05 trillion networth is nearly the size of some of world's 20th-largest economies, such as Poland and Switzerland. This means one man's paper wealth roughly equals the entire annual output of several nations. The next few countries have economies lesser than Musk's net worth, including Belgium and Argentina, both at around $0.7 trillion. Also read: SpaceX IPO soars and Elon Musk becomes world's FIRST trillionaire How does Musk's wealth compare to the African continent and the world? The combined nominal GDP of all African nations would be around $6 trillion. Out of this, Sub-Saharan Africa's output is roughly $2.5 trillion, and the rest comes mainly from North African economies such as Egypt, Algeria, Morocco, Tunisia, and Libya. Musk's $1 trillion plus net worth would be about 25 per cent of Africa's total output. World GDP is around $124 trillion as per IMF 2026 estimates. In other words, $1 trillion is about 1 dollar out of every 124 dollars produced globally each year. Also read: SpaceX just made history! $1.8 trillion IPO is the biggest listing ever But is it fair to compare Musk's net worth to GDPs of nations? Quick economics lesson here: Net worth is the value of assets owned by a person. GDP is the value of goods and services produced in one year by an entire economy. A person's net worth is volatile and mostly illiquid equity, not official statistics. Musk himself has noted that his wealth almost entirely consists of his stock holdings in the two companies he heads: Tesla and SpaceX, with under 0.1 per cent in cash. This is a notional value, or paper wealth. From this perspective, it is not strictly an apples-to-apples comparison.

After SpaceX's IPO, Elon Musk's net worth reached about $1.05 trillion. While still a notional number, the amount surpasses the GDP of over 160 countries. Here is how his fortune compares with India, major economies, Africa, and the world.

Trillionaire Elon Musk's net worth after SpaceX IPO equals 25 per cent of India's GDP and more than 160 countries' output

Today, Elon Musk is the world's richest person and SpaceX is one of the world's most valuable companies. But in 2008, both Musk and SpaceX were running out of money, and one final rocket launch stood between success and failure.&nbsp;Following SpaceX's historic public listing in June 2026, Musk's fortune surged past the trillion-dollar mark, making him the world's first trillionaire. SpaceX itself is valued at well over $1 trillion after its record-breaking market debut.<h2>Yet less than two decades ago, the picture looked very different.</h2>In 2008, Musk was facing what he later described as one of the toughest periods of his life. SpaceX had suffered three consecutive rocket failures, Tesla was struggling financially, and Musk's personal fortune was rapidly shrinking. The entrepreneur who would later dominate the space industry was close to running out of options.&nbsp;Three failed launches and a rapidly shrinking bank accountMusk founded SpaceX in 2002 with about $100 million from the money he earned after PayPal was sold. His goal was ambitious: build cheaper rockets and eventually help humanity become a multi-planetary species.However, the company's early years were marked by repeated setbacks. The first Falcon 1 rocket launch failed in 2006. A second attempt also failed. Then came a third unsuccessful launch in August 2008. Each failure consumed precious money and raised doubts about whether the company could survive. By then, Musk was funding both SpaceX and Tesla. Cash was running low and investors were becoming nervous.<h2>The launch that changed everything</h2>SpaceX's fourth Falcon 1 mission took place on September 28, 2008. Unlike the previous attempts, this launch successfully reached orbit. It marked the first time a privately developed liquid-fuel rocket reached orbit, a milestone that changed how the aerospace industry viewed private space companies. The success arrived at exactly the right moment. According to accounts of SpaceX's early years, the company was under immense financial pressure. Had the fourth launch failed, the future of the company would have been highly uncertain.<h2>How SpaceX went from survival mode to a trillion-dollar giant</h2>The successful Falcon 1 mission helped build confidence in SpaceX and opened the door for future contracts and growth. The company later developed the Falcon 9 rocket, Dragon spacecraft and the Starlink satellite network. Today, SpaceX launches astronauts, delivers cargo to space and operates thousands of internet satellites through Starlink. It has become one of the most influential companies in the global space sector. Its 2026 public listing became the largest IPO in history, valuing the company at around $1.8 trillion and pushing Musk's wealth above $1 trillion.<h2>How quickly fortunes can change</h2>The story of SpaceX's early years remains one of the most dramatic chapters in modern business history. A company that was struggling to keep its rockets flying in 2008 is now among the world's most valuable firms. For Musk, the difference between failure and success may have come down to a single launch. Had Falcon 1's fourth flight failed, the history of SpaceX and perhaps the modern commercial space industry could have looked very different.

Today, Elon Musk is the world's richest person and SpaceX is one of the world's most valuable companies. But in 2008, both Musk and SpaceX were running out of money, and one final rocket launch stood between success and failure.

Today, Elon Musk is the world's richest person and SpaceX is one of the world's most valuable companies. But in 2008, both Musk and SpaceX were running out of money, and one final rocket launch stood between success and failure. Following SpaceX's historic public listing in June 2026, Musk's fortune surged past the trillion-dollar mark, making him the world's first trillionaire. SpaceX itself is valued at well over $1 trillion after its record-breaking market debut. Yet less than two decades ago, the picture looked very different. In 2008, Musk was facing what he later described as one of the toughest periods of his life. SpaceX had suffered three consecutive rocket failures, Tesla was struggling financially, and Musk's personal fortune was rapidly shrinking. The entrepreneur who would later dominate the space industry was close to running out of options. Three failed launches and a rapidly shrinking bank account Musk founded SpaceX in 2002 with about $100 million from the money he earned after PayPal was sold. His goal was ambitious: build cheaper rockets and eventually help humanity become a multi-planetary species. However, the company's early years were marked by repeated setbacks. The first Falcon 1 rocket launch failed in 2006. A second attempt also failed. Then came a third unsuccessful launch in August 2008. Each failure consumed precious money and raised doubts about whether the company could survive. By then, Musk was funding both SpaceX and Tesla. Cash was running low and investors were becoming nervous. The launch that changed everything SpaceX's fourth Falcon 1 mission took place on September 28, 2008. Unlike the previous attempts, this launch successfully reached orbit. It marked the first time a privately developed liquid-fuel rocket reached orbit, a milestone that changed how the aerospace industry viewed private space companies. The success arrived at exactly the right moment. According to accounts of SpaceX's early years, the company was under immense financial pressure. Had the fourth launch failed, the future of the company would have been highly uncertain. How SpaceX went from survival mode to a trillion-dollar giant The successful Falcon 1 mission helped build confidence in SpaceX and opened the door for future contracts and growth. The company later developed the Falcon 9 rocket, Dragon spacecraft and the Starlink satellite network. Today, SpaceX launches astronauts, delivers cargo to space and operates thousands of internet satellites through Starlink. It has become one of the most influential companies in the global space sector. Its 2026 public listing became the largest IPO in history, valuing the company at around $1.8 trillion and pushing Musk's wealth above $1 trillion. How quickly fortunes can change The story of SpaceX's early years remains one of the most dramatic chapters in modern business history. A company that was struggling to keep its rockets flying in 2008 is now among the world's most valuable firms. For Musk, the difference between failure and success may have come down to a single launch. Had Falcon 1's fourth flight failed, the history of SpaceX and perhaps the modern commercial space industry could have looked very different.

Today, Elon Musk is the world's richest person and SpaceX is one of the world's most valuable companies. But in 2008, both Musk and SpaceX were running out of money, and one final rocket launch stood between success and failure.

Three failed rockets, shrinking cash: How close was Elon Musk to losing everything before SpaceX finally succeeded?

SpaceX reported a loss of $4.9 billion in 2025 and a further $4.3 billion in Q1 2026 and is scheduled to debut on the Nasdaq exchange on June 12, 2026. Anthropic has also taken a massive step towards going public after filing confidential paperwork for an IPO. OpenAI is also likely to follow the trend. SpaceX is seeking a massive valuation between $1.8 trillion and $2 trillion and is expecting to raise $75 billion to $86.5 billion in fresh capital. SpaceX has not turned in a profit, nor have OpenAI nor Anthropic, still index providers are relaxing rules written more than two decades ago to include SpaceX and the likes of it into many of the leading indices, which means pension funds, index funds and their ilk are going to have to buy SpaceX or the likes of it irrespective of the choices of individual fund managers.&nbsp;<h2>What is fast-track indexing?</h2>Fast Strack indexing is the process of including ultra-large IPOs to major stock indices like NASDAQ-100 or FTSE Russell within days of going public. If a newly entering company has a market cap at the top of the index, it will be allowed into the index directly. Previously, the regulator would mandate that IPOs should be traded on an eligible exchange for at least 12 months before being considered for addition to an index. They should show GAAP profitability over a cumulative 12-month period and in their most recent quarter. These rules have existed since the dot-com crash as a safety cap, to help with price discovery ie, to allow markets to find the real value of a company before retirement funds are forced to buy it. Reuters reported in March 2026, citing two people familiar with confidential discussions, that SpaceX had made early Nasdaq-100 inclusion a necessary condition for its choice of exchange. The size of the deal made it mouth-watering for Nasdaq. FTSE Russell followed almost immediately, announcing fast-track entry for qualifying IPOs. S&amp;P Dow Jones Indices have launched a formal review wether high value companies should face less stringent entry criteria.&nbsp;Also Read: <a href="https://www.wionews.com/world/nvidia-hiring-boom-indian-tech-workers-h1b-ai-growth-1780400156468">NVIDIA expands H-1B hiring while other Silicon Valley giants cut back</a><h2>Why do mega caps want fast-track indexing, and how much money is forced in?</h2>The fast-track indexing gives these mega caps a protected share price and deep liquidity from day one. It forces mandatory buying from index funds, which dominate the 401 (k) and retirement funds. Goldman Sachs has estimated that up to $60 billion in forced buying could flow into SpaceX alone as ETFs and retirement accounts tracking the index are required to buy the stock. Now comes the float problem; SpaceX plans to make available 3-5 per cent of its share in the IPO. This means that enormous mechanical demand will be generated by index inclusion and investors will be chasing a tiny pool of available stock, routing a firehose of institutional capital at a puddle of available shares. JPMorgan estimates passive funds may need to sell about $95 billion worth of the eight largest tech stocks to rebalance portfolios, which might trigger selling pressure of algorithms across all indices.The most valid analogy to elaborate this is to consider a chain of supermarkets which have made a deal with a manufacturer to shelf its product in the most visited section of the supermarket. It will also sell you the same product in a family pack that you usually purchase, regardless of whether you want the product or if it is healthy or consumable. The same trend was seen during the dot-com era when flagship benchmarks scooped up richly valued, money-losing companies near the top, and ordinary savers in passive funds paid the bill when those names collapsed.&nbsp;

SpaceX's upcoming IPO is reigniting debate over fast-track indexing, a rule change that could force billions of dollars from index funds and retirement accounts into newly listed AI and technology giants.

SpaceX reported a loss of $4.9 billion in 2025 and a further $4.3 billion in Q1 2026 and is scheduled to debut on the Nasdaq exchange on June 12, 2026. Anthropic has also taken a massive step towards going public after filing confidential paperwork for an IPO. OpenAI is also likely to follow the trend. SpaceX is seeking a massive valuation between $1.8 trillion and $2 trillion and is expecting to raise $75 billion to $86.5 billion in fresh capital. SpaceX has not turned in a profit, nor have OpenAI nor Anthropic, still index providers are relaxing rules written more than two decades ago to include SpaceX and the likes of it into many of the leading indices, which means pension funds, index funds and their ilk are going to have to buy SpaceX or the likes of it irrespective of the choices of individual fund managers. What is fast-track indexing? Fast Strack indexing is the process of including ultra-large IPOs to major stock indices like NASDAQ-100 or FTSE Russell within days of going public. If a newly entering company has a market cap at the top of the index, it will be allowed into the index directly. Previously, the regulator would mandate that IPOs should be traded on an eligible exchange for at least 12 months before being considered for addition to an index. They should show GAAP profitability over a cumulative 12-month period and in their most recent quarter. These rules have existed since the dot-com crash as a safety cap, to help with price discovery ie, to allow markets to find the real value of a company before retirement funds are forced to buy it. Reuters reported in March 2026, citing two people familiar with confidential discussions, that SpaceX had made early Nasdaq-100 inclusion a necessary condition for its choice of exchange. The size of the deal made it mouth-watering for Nasdaq. FTSE Russell followed almost immediately, announcing fast-track entry for qualifying IPOs. S&P Dow Jones Indices have launched a formal review wether high value companies should face less stringent entry criteria. Also Read: NVIDIA expands H-1B hiring while other Silicon Valley giants cut back Why do mega caps want fast-track indexing, and how much money is forced in? The fast-track indexing gives these mega caps a protected share price and deep liquidity from day one. It forces mandatory buying from index funds, which dominate the 401 (k) and retirement funds. Goldman Sachs has estimated that up to $60 billion in forced buying could flow into SpaceX alone as ETFs and retirement accounts tracking the index are required to buy the stock. Now comes the float problem; SpaceX plans to make available 3-5 per cent of its share in the IPO. This means that enormous mechanical demand will be generated by index inclusion and investors will be chasing a tiny pool of available stock, routing a firehose of institutional capital at a puddle of available shares. JPMorgan estimates passive funds may need to sell about $95 billion worth of the eight largest tech stocks to rebalance portfolios, which might trigger selling pressure of algorithms across all indices. The most valid analogy to elaborate this is to consider a chain of supermarkets which have made a deal with a manufacturer to shelf its product in the most visited section of the supermarket. It will also sell you the same product in a family pack that you usually purchase, regardless of whether you want the product or if it is healthy or consumable. The same trend was seen during the dot-com era when flagship benchmarks scooped up richly valued, money-losing companies near the top, and ordinary savers in passive funds paid the bill when those names collapsed.

SpaceX's upcoming IPO is reigniting debate over fast-track indexing, a rule change that could force billions of dollars from index funds and retirement accounts into newly listed AI and technology giants.

What is Fast-Track Indexing? How SpaceX's IPO could force billions into unprofitable AI giant

Danish pension fund AkademikerPension has officially placed SpaceX on its investment blacklist, saying it won't participate in its Initial Public Offering, citing its “catastrophic governance” structure. SpaceX is expected to start the formal marketing of its offering next month. According to the CEO of the $25 billion pension fund, Andre Shelde, the IPO is “grossly overvalued”, and it has significant “governance concerns”.The fund AkademikerPension made headlines early this year by ditching US treasuries as Donald Trump was threatening to seize Greenland. It is now saying that SpaceX's $1.8 trillion target valuation is at least 80% overvalued, and SpaceX's valuation is “pure fantasy”. It forces investors to pay for a highly risky company while accepting minimal risk compensation. Schelde claims that SpaceX's fair value “could not exceed $1 trillion” and is "driven more by Musk's narrative than by economic reality."&nbsp;Also Read: <a href="https://www.wionews.com/photos/five-strangest-things-spacex-s1-filing-1779536291910">Unfirable Musk, Mars colony bonus and massive losses- Five strangest revelations in SpaceX’s blockbuster S-1 filing</a>It further added that even if they compromise with the overvaluation, the governance structure allows Musk 80 per cent of the voting rights while serving as the Chief Technology Officer as well as Chair of the board. It also said that its concern regarding SpaceX is shared by many other US pension funds. In a letter published on May 14, New York Comptroller Mark Levine, CEO of California Public Employees' Retirement System, Marcie Frost, and Thomas DiNapoli, the State of New York Comptroller, raised serious concerns about the “extreme governance structure” at SpaceX.. Despite the small size of AkademikerPension, it has drawn attention due to its decision. Last year, it dumped its stake in Tesla Inc., citing concerns that Musk was destroying the company's brand and value. In January, it offloaded US Treasuries, saying that the US government is “not a good credit.”Schelde said that AkademikerPension would “like to be able to invest in SpaceX and its technologies” if it were not for the perceived overvaluation and governance risks. It said that it might invest in the upcoming OpenAI IPO: “OpenAI will most likely enter our passive equity portfolio following an IPO, assuming it becomes part of the relevant market indices.” Though Schelde said that OpenAI has betrayed its public benefit mission by moving toward a for-profit structure.&nbsp;&nbsp;

AkademikerPension has blacklisted SpaceX ahead of its IPO, calling its $1.8 trillion valuation "pure fantasy" and raising concerns about Elon Musk's control and corporate governance.

Danish pension fund AkademikerPension has officially placed SpaceX on its investment blacklist, saying it won't participate in its Initial Public Offering, citing its “catastrophic governance” structure. SpaceX is expected to start the formal marketing of its offering next month. According to the CEO of the $25 billion pension fund, Andre Shelde, the IPO is “grossly overvalued”, and it has significant “governance concerns”. The fund AkademikerPension made headlines early this year by ditching US treasuries as Donald Trump was threatening to seize Greenland. It is now saying that SpaceX's $1.8 trillion target valuation is at least 80% overvalued, and SpaceX's valuation is “pure fantasy”. It forces investors to pay for a highly risky company while accepting minimal risk compensation. Schelde claims that SpaceX's fair value “could not exceed $1 trillion” and is "driven more by Musk's narrative than by economic reality." Also Read: Unfirable Musk, Mars colony bonus and massive losses- Five strangest revelations in SpaceX’s blockbuster S-1 filing It further added that even if they compromise with the overvaluation, the governance structure allows Musk 80 per cent of the voting rights while serving as the Chief Technology Officer as well as Chair of the board. It also said that its concern regarding SpaceX is shared by many other US pension funds. In a letter published on May 14, New York Comptroller Mark Levine, CEO of California Public Employees' Retirement System, Marcie Frost, and Thomas DiNapoli, the State of New York Comptroller, raised serious concerns about the “extreme governance structure” at SpaceX.. Despite the small size of AkademikerPension, it has drawn attention due to its decision. Last year, it dumped its stake in Tesla Inc., citing concerns that Musk was destroying the company's brand and value. In January, it offloaded US Treasuries, saying that the US government is “not a good credit.” Schelde said that AkademikerPension would “like to be able to invest in SpaceX and its technologies” if it were not for the perceived overvaluation and governance risks. It said that it might invest in the upcoming OpenAI IPO: “OpenAI will most likely enter our passive equity portfolio following an IPO, assuming it becomes part of the relevant market indices.” Though Schelde said that OpenAI has betrayed its public benefit mission by moving toward a for-profit structure.

AkademikerPension has blacklisted SpaceX ahead of its IPO, calling its $1.8 trillion valuation "pure fantasy" and raising concerns about Elon Musk's control and corporate governance.

Danish pension fund blacklists SpaceX IPO, calls $1.8 trillion valuation 'pure fantasy'

Elon Musk's SpaceX's highly anticipated Form S-1 registration statement, aiming for a historic $1.75 trillion to $2 trillion valuation, has laid bare its financials and strategic goals. Here are the five strangest things in the SpaceX S-1.

Unfirable Musk, Mars colony bonus and massive losses- Five strangest revelations in SpaceX’s blockbuster S-1 filing

SpaceX has filed for its long-anticipated initial public offering, revealing new details about its business model, ownership structure, and future ambitions as investors prepare for what could become the largest IPO in history. The company, founded and led by Elon Musk, is reportedly targeting a valuation that could raise $80 billion or more, surpassing the previous record held by Saudi Aramco, which raised $26 billion in its 2019 public listing.<h2>Massive market opportunity projection</h2>In its IPO filing, SpaceX estimates a total addressable market (TAM) of $28.5 trillion, describing it as the ‘largest actionable’ market opportunity ‘in human history’.The breakdown includes:<ul><li>$370 billion in space-enabled services</li><li>$1.6 trillion in connectivity, including Starlink broadband and mobile expansion</li><li>$26.5 trillion in artificial intelligence-related markets, spanning infrastructure, subscriptions, advertising, and enterprise applications</li><li>$22.7 trillion in enterprise applications</li></ul>Also Read: <a href="https://www.wionews.com/world/-there-won-t-be-escalation-says-trump-as-he-calls-indictment-against-raul-castro-very-big-moment-1779308113798">'There won't be escalation', says Trump as he calls indictment against Raul Castro 'very big moment'</a><h2>What is the stock symbol for SpaceX?&nbsp;</h2>The filing shows that SpaceX plans to trade under the ticker symbol ‘SPCX’ once it goes public next month. The stock will be dual-listed on the Nasdaq Stock Market and Nasdaq Texas, marking a competitive win for Nasdaq in attracting high-profile listings.<h2>Who are the board members of SpaceX?</h2>SpaceX disclosed its board structure, with Elon Musk serving as chairman. Other board members include long-time SpaceX president Gwynne Shotwell, Google executive Donald Harrison, and investors Antonio Gracias, Steve Jurvetson, and Luke Nosek. Randy Glein and Ira Ehrenpreis recently joined as directors.<h2>How much did SpaceX spend last year?</h2>The company reported $20.7 billion in capital expenditures last year, driven by investments in launch systems, satellites, AI infrastructure, and its expanding Starlink network. The Starlink division remains central to revenue growth, with more than 10 million subscribers as of March, doubling year over year. SpaceX reported total revenue of approximately $18.7 billion in 2025, with Starlink alone generating more than $11 billion. The company described Starlink as capable of delivering broadband connectivity anywhere on Earth. It also identified telecom giants such as AT&amp;T and Verizon as competitors in the global internet market.<h2>AI satellite project won’t be easy: SpaceX</h2>SpaceX also outlined plans for an orbital AI computing network, potentially beginning deployment as early as 2028. However, the company acknowledged major technical hurdles. “Orbital AI compute is an incredibly difficult technical challenge,” the company said in its prospectus. “We believe we are the only company with a commercially viable path to building orbital AI compute at scale.” The initiative depends heavily on the successful development of the Starship rocket, which is expected to play a key role in deploying large-scale satellite infrastructure.&nbsp;<a href="https://www.wionews.com/videos/cristiano-ronaldo-s-final-attempt-to-win-the-fifa-world-cup-1779298231843/embed">https://www.wionews.com/videos/cristiano-ronaldo-s-final-attempt-to-win-the-fifa-world-cup-1779298231843/embed</a>

SpaceX has filed for its IPO under ticker SPCX, revealing major financials, Starlink growth, and plans for AI satellite networks. The company targets a massive valuation, positioning itself for one of the largest public offerings in history under Elon Musk’s leadership

SpaceX has filed for its long-anticipated initial public offering, revealing new details about its business model, ownership structure, and future ambitions as investors prepare for what could become the largest IPO in history. The company, founded and led by Elon Musk, is reportedly targeting a valuation that could raise $80 billion or more, surpassing the previous record held by Saudi Aramco, which raised $26 billion in its 2019 public listing. Massive market opportunity projection In its IPO filing, SpaceX estimates a total addressable market (TAM) of $28.5 trillion, describing it as the ‘largest actionable’ market opportunity ‘in human history’. The breakdown includes: $370 billion in space-enabled services $1.6 trillion in connectivity, including Starlink broadband and mobile expansion $26.5 trillion in artificial intelligence-related markets, spanning infrastructure, subscriptions, advertising, and enterprise applications $22.7 trillion in enterprise applications Also Read: 'There won't be escalation', says Trump as he calls indictment against Raul Castro 'very big moment' What is the stock symbol for SpaceX? The filing shows that SpaceX plans to trade under the ticker symbol ‘SPCX’ once it goes public next month. The stock will be dual-listed on the Nasdaq Stock Market and Nasdaq Texas, marking a competitive win for Nasdaq in attracting high-profile listings. Who are the board members of SpaceX? SpaceX disclosed its board structure, with Elon Musk serving as chairman. Other board members include long-time SpaceX president Gwynne Shotwell, Google executive Donald Harrison, and investors Antonio Gracias, Steve Jurvetson, and Luke Nosek. Randy Glein and Ira Ehrenpreis recently joined as directors. How much did SpaceX spend last year? The company reported $20.7 billion in capital expenditures last year, driven by investments in launch systems, satellites, AI infrastructure, and its expanding Starlink network. The Starlink division remains central to revenue growth, with more than 10 million subscribers as of March, doubling year over year. SpaceX reported total revenue of approximately $18.7 billion in 2025, with Starlink alone generating more than $11 billion. The company described Starlink as capable of delivering broadband connectivity anywhere on Earth. It also identified telecom giants such as AT&T and Verizon as competitors in the global internet market. AI satellite project won’t be easy: SpaceX SpaceX also outlined plans for an orbital AI computing network, potentially beginning deployment as early as 2028. However, the company acknowledged major technical hurdles. “Orbital AI compute is an incredibly difficult technical challenge,” the company said in its prospectus. “We believe we are the only company with a commercially viable path to building orbital AI compute at scale.” The initiative depends heavily on the successful development of the Starship rocket, which is expected to play a key role in deploying large-scale satellite infrastructure. https://www.wionews.com/videos/cristiano-ronaldo-s-final-attempt-to-win-the-fifa-world-cup-1779298231843/embed

SpaceX files IPO, targets massive valuation, reveals SPCX listing, Starlink growth, and bold AI satellite plans for 2028

Elon Musk's SpaceX files for biggest-ever IPO in history under ticker SPCX. Here's all you need to know about it

SpaceX is preparing to launch Starship Version 3, the latest and most advanced version of the world’s largest rocket, in what could become one of the company’s most closely watched test flights yet. The mission, known as Flight 12, is now targeted for Wednesday evening after multiple delays earlier this week pushed back the original launch schedule from May 19 to now May 20, according to USA Today. &nbsp;The updated launch window for Flight 12 is scheduled to open at 6:30 pm Eastern Time (2230 GMT), from the company’s Starbase facility in Texas during a 90-minute launch window. If weather and technical conditions remain favourable, liftoff could take place shortly after the window opens, though SpaceX typically maintains flexibility in its final countdown timeline before launch.&nbsp;The launch also comes at a significant moment for Elon Musk’s company, with investors closely monitoring SpaceX ahead of a widely anticipated initial public offering expected next month.&nbsp;ALSO READ: <a href="https://www.wionews.com/science/ghosts-of-lighthouses-revealed-scientists-trace-source-of-eerie-sounds-heard-in-the-middle-of-nowhere-1779182018558">Ghosts of lighthouses revealed! Scientists trace source of eerie sounds heard in the middle of nowhere</a>&nbsp;<h3>What makes Starship V3 different?</h3>&nbsp;According to Space.com, Starship V3 is described as the ‘biggest and most powerful iteration’ of the rocket so far. The fully reusable system consists of the upper-stage Starship spacecraft mounted atop the Super Heavy booster, powered by 33 upgraded Raptor engines designed to generate more thrust while reducing weight. The new version also includes major upgrades aimed at supporting future lunar and Mars missions. According to Reuters, the spacecraft has been fitted with systems for orbital refuelling, ship-to-ship docking and improved manoeuvrability for long-duration space travel.&nbsp;Flight 12 will also be the first mission launched from a newly constructed pad built specifically for the more powerful V3 rocket.&nbsp;

<blockquote class="twitter-tweet">Starship’s twelfth flight test will debut the next generation Starship and Super Heavy vehicles, powered by the next evolution of the Raptor engine and launching from a newly designed pad at Starbase. The launch is targeted as early as Tuesday, May 19 → <a href="https://t.co/2gZQUxS6mm">https://t.co/2gZQUxS6mm</a> <a href="https://t.co/JxmpL2WE4w">pic.twitter.com/JxmpL2WE4w</a>&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/2054304050338750931?ref_src=twsrc%5Etfw">May 12, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

&nbsp;ALSO READ: <a href="https://www.wionews.com/world/what-do-indian-kitchens-have-to-do-with-california-gas-prices-india-s-lpg-crisis-may-hold-the-answer-1779182685592">What do Indian kitchens have to do with California gas prices? India’s LPG crisis may hold the answer</a>&nbsp;<h3>Investors and NASA watching closely</h3>&nbsp;“For an IPO that is leaning so heavily into narrative and symbolism, we believe this flight is the single most important pre-IPO catalyst remaining on SpaceX’s calendar,” PitchBook analyst Franco Granda told Reuters. The mission will send Starship on a suborbital trajectory before splashdown in the Indian Ocean roughly 65 minutes after launch. The Super Heavy booster is expected to perform a controlled descent into the Gulf of Mexico around seven minutes after liftoff.Before re-entry, Starship is expected to deploy 20 Starlink simulators along with two modified satellites designed to inspect the vehicle’s heat shield during descent.&nbsp;<h3>Why the launch matters beyond SpaceX</h3>&nbsp;SpaceX’s test-and-fail engineering approach has long set it apart from traditional aerospace firms, with the company repeatedly pushing spacecraft to their limits before refining designs through successive launches. That strategy is now under sharper scrutiny as investors assess SpaceX ahead of its IPO. Elon Musk, who founded the company in 2002, has said Starship could make its first uncrewed journey to Mars by the end of 2026. The rocket is also central to NASA’s Artemis programme, under which SpaceX secured a contract worth more than $3 billion to help return astronauts to the Moon later this decade amid growing competition with China’s lunar ambitions.&nbsp;

The launch also comes at a significant moment for Elon Musk’s company, with investors closely monitoring SpaceX ahead of a widely anticipated initial public offering expected next month.

SpaceX is preparing to launch Starship Version 3, the latest and most advanced version of the world’s largest rocket, in what could become one of the company’s most closely watched test flights yet. The mission, known as Flight 12, is now targeted for Wednesday evening after multiple delays earlier this week pushed back the original launch schedule from May 19 to now May 20, according to USA Today. The updated launch window for Flight 12 is scheduled to open at 6:30 pm Eastern Time (2230 GMT), from the company’s Starbase facility in Texas during a 90-minute launch window. If weather and technical conditions remain favourable, liftoff could take place shortly after the window opens, though SpaceX typically maintains flexibility in its final countdown timeline before launch. The launch also comes at a significant moment for Elon Musk’s company, with investors closely monitoring SpaceX ahead of a widely anticipated initial public offering expected next month. ALSO READ: Ghosts of lighthouses revealed! Scientists trace source of eerie sounds heard in the middle of nowhere What makes Starship V3 different? According to Space.com, Starship V3 is described as the ‘biggest and most powerful iteration’ of the rocket so far. The fully reusable system consists of the upper-stage Starship spacecraft mounted atop the Super Heavy booster, powered by 33 upgraded Raptor engines designed to generate more thrust while reducing weight. The new version also includes major upgrades aimed at supporting future lunar and Mars missions. According to Reuters, the spacecraft has been fitted with systems for orbital refuelling, ship-to-ship docking and improved manoeuvrability for long-duration space travel. Flight 12 will also be the first mission launched from a newly constructed pad built specifically for the more powerful V3 rocket.

The launch also comes at a significant moment for Elon Musk’s company, with investors closely monitoring SpaceX ahead of a widely anticipated initial public offering expected next month.

‘Biggest and most powerful Starship ever’: SpaceX targets new launch date for V3 debut ahead of IPO

SpaceX has confidentially filed for an initial public offering (IPO) that could value the space exploration, satellite internet and AI company led by world's richest person Elon Musk at around $2 trillion. The IPO could raise as much as $75 billion, potentially making it the largest listing in history.&nbsp;<h2>Listing imminent: SpaceX confidential SEC filing</h2>The filing with the US Securities and Exchange Commission (SEC) was made on April 1, according to Bloomberg and other reports. The company could go public as early as June, subject to regulatory review and market conditions, said the reports.Reports indicate SpaceX is targeting a valuation above $1.75 trillion, with some estimates approaching $2 trillion. At this level, it would rank among the world’s largest companies, alongside Nvidia, Apple, Alphabet (Google), Microsoft, and Amazon. It could also surpass Meta and Tesla, the electric vehicle company also led by Musk.<a href="https://www.wionews.com/videos/spacex-crew-12-docks-at-international-space-station-four-new-astronauts-arrive-via-spacex-rocket-1771128001120/embed">https://www.wionews.com/videos/spacex-crew-12-docks-at-international-space-station-four-new-astronauts-arrive-via-spacex-rocket-1771128001120/embed</a><h2>SpaceX expecting the biggest IPO ever</h2>The IPO could raise between $50 billion and $75 billion, surpassing the previous record set by Saudi Aramco. The Saudi Aramco IPO in 2019 raised about $29.4 billion and valued the company at roughly $1.7 trillion at listing.Also read: <a href="https://www.wionews.com/technology/-google-will-win-the-ai-race-in-the-west-china-on-earth-and-spacex-in-space-says-elon-musk-1773990362750">‘Google will win the AI race in the West, China on Earth, and SpaceX in space,’ says Elon Musk</a><h2>Starlink, the real star of SpaceX</h2>SpaceX develops rockets, space exploration systems but Starlink, its satellite internet service, is the primary revenue driver. It generates more than two-thirds of the company’s total revenue by providing internet connectivity via low-Earth orbit satellites. SpaceX is estimated to have generated around $15–16 billion in revenue in 2025, with EBITDA of approximately $7.5 billion. The company recently entered into a $19.6 billion spectrum deal with EchoStar to expand its direct-to-cell capabilities.Reusable rockets such as Falcon 9 underpin SpaceX’s dominance in commercial and government launches. Future growth is expected to depend heavily on the success of Starship, the company’s next-generation rocket designed for Mars missions and large-scale satellite deployment.<h2>xAI deal adds AI angle to SpaceX products and services</h2>SpaceX’s integration with xAI, the artificial intelligence venture behind the popular Grok chatbot, values the combined entity at approximately $1.25 trillion and adds an AI dimension to its broader space and communications strategy.Also read: <a href="https://www.wionews.com/world/what-is-autonomous-drone-swarming-tech-musk-s-spacex-xai-place-bids-in-secret-pentagon-competition-wion-explains-1771301948635">What is autonomous drone swarming tech? Musk's SpaceX, xAI bid in secret Pentagon competition | WION Explains</a><h2>Analysts think the stock could perform well long term, but risks remain</h2>SpaceX is expected to list at a high valuation, with analysts such as PitchBook and Morningstar suggesting it could trade at more than 90 times revenue. However, they argue that over a five to seven year period, the valuation could be justified if Starship development succeeds and Starlink continues its rapid expansion.Risks include delays in Starship development, regulatory challenges, limited public financial disclosure. The broader market volatility and selling pressure from early investors after the IPO could also hit the stock.SpaceX’s IPO could mark a historic moment, bringing its combined strengths in space launch, satellite internet, and AI-linked infrastructure into public markets, provided it delivers on its ambitious growth expectations.

SpaceX has confidentially filed for IPO that could value the company near $2 trillion and raise up to $75 billion, reports said. The valuation is being driven by Starlink internet growth and long-term space and AI ambitions that includes Mars exploration

SpaceX has confidentially filed for an initial public offering (IPO) that could value the space exploration, satellite internet and AI company led by world's richest person Elon Musk at around $2 trillion. The IPO could raise as much as $75 billion, potentially making it the largest listing in history. Listing imminent: SpaceX confidential SEC filing The filing with the US Securities and Exchange Commission (SEC) was made on April 1, according to Bloomberg and other reports. The company could go public as early as June, subject to regulatory review and market conditions, said the reports. Reports indicate SpaceX is targeting a valuation above $1.75 trillion, with some estimates approaching $2 trillion. At this level, it would rank among the world’s largest companies, alongside Nvidia, Apple, Alphabet (Google), Microsoft, and Amazon. It could also surpass Meta and Tesla, the electric vehicle company also led by Musk. https://www.wionews.com/videos/spacex-crew-12-docks-at-international-space-station-four-new-astronauts-arrive-via-spacex-rocket-1771128001120/embed SpaceX expecting the biggest IPO ever The IPO could raise between $50 billion and $75 billion, surpassing the previous record set by Saudi Aramco. The Saudi Aramco IPO in 2019 raised about $29.4 billion and valued the company at roughly $1.7 trillion at listing. Also read: ‘Google will win the AI race in the West, China on Earth, and SpaceX in space,’ says Elon Musk Starlink, the real star of SpaceX SpaceX develops rockets, space exploration systems but Starlink, its satellite internet service, is the primary revenue driver. It generates more than two-thirds of the company’s total revenue by providing internet connectivity via low-Earth orbit satellites. SpaceX is estimated to have generated around $15–16 billion in revenue in 2025, with EBITDA of approximately $7.5 billion. The company recently entered into a $19.6 billion spectrum deal with EchoStar to expand its direct-to-cell capabilities. Reusable rockets such as Falcon 9 underpin SpaceX’s dominance in commercial and government launches. Future growth is expected to depend heavily on the success of Starship, the company’s next-generation rocket designed for Mars missions and large-scale satellite deployment. xAI deal adds AI angle to SpaceX products and services SpaceX’s integration with xAI, the artificial intelligence venture behind the popular Grok chatbot, values the combined entity at approximately $1.25 trillion and adds an AI dimension to its broader space and communications strategy. Also read: What is autonomous drone swarming tech? Musk's SpaceX, xAI bid in secret Pentagon competition | WION Explains Analysts think the stock could perform well long term, but risks remain SpaceX is expected to list at a high valuation, with analysts such as PitchBook and Morningstar suggesting it could trade at more than 90 times revenue. However, they argue that over a five to seven year period, the valuation could be justified if Starship development succeeds and Starlink continues its rapid expansion. Risks include delays in Starship development, regulatory challenges, limited public financial disclosure. The broader market volatility and selling pressure from early investors after the IPO could also hit the stock. SpaceX’s IPO could mark a historic moment, bringing its combined strengths in space launch, satellite internet, and AI-linked infrastructure into public markets, provided it delivers on its ambitious growth expectations.

SpaceX has confidentially filed for IPO that could value the company near $2 trillion and raise up to $75 billion, reports said. The valuation is being driven by Starlink internet growth and long-term space and AI ambitions that includes Mars exploration

'$2 trillion valuation': SpaceX blockbuster IPO could raise $75 billion, say reports

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'$2 trillion valuation': SpaceX blockbuster IPO could raise $75 billion