SpaceX's historic IPO by the numbers / Photo: RONALDO SCHEMIDT - AFP/File
SpaceX's historic IPO by the numbers
The stock market debut of SpaceX -- Elon Musk's rocket, satellite and company -- expected Friday, could be the biggest in history. Here are the key numbers.
$75 billion
The amount SpaceX hopes to raise by selling new shares to investors. That target would be triple the all-time record, set by Saudi oil giant Saudi Aramco in 2019 ($25.6 billion).
$1.765 trillion
SpaceX's estimated worth, or "valuation" -- what the market thinks the entire company is worth if you added up all its shares.
That figure includes xAI, Musk's AI startup and the X social network (formerly Twitter), which SpaceX absorbed in February.
It would make SpaceX the eighth most valuable company on Earth, right behind the biggest names in tech.
$18.6 billion
How much money SpaceX brought in during 2025 -- its total sales before expenses. That was up a third from the year before, and most of it (61%) came from Starlink, the satellite service that beams internet to homes from orbit.
$4.9 billion
The amount SpaceX lost in 2025. Even with all that revenue, it spent far more than it earned, mostly because building AI is extremely expensive -- nearly $10 billion last year alone.
A loss doesn't mean the company is failing; it often means it is investing heavily in future growth.
$791 billion
Elon Musk's personal fortune, according to Forbes. If the IPO goes well and SpaceX's share price climbs, Musk could become the world's first trillionaire -- the first person in history to be worth more than $1,000,000,000,000.
82 percent: The share of SpaceX voting rights Musk will hold after the IPO. Even though new shareholders will own a slice of the company, Musk will keep almost all the decision-making power -- a common setup in tech, where founders often hold special "super-voting" shares.
$28.5 trillion
SpaceX's own estimate of the total value of all the markets it operates in -- rockets, satellites, internet, AI, and more. To put that in perspective, the entire US economy produced about $30.36 trillion worth of goods and services in 2025.
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