SpaceX IPO frenzy: $1.8T valuation and shifting markets

SpaceX’s IPO targets a $1.8T valuation with $250B+ in demand, possibly creating 4,000 new millionaires. Experts warn of high valuation and a shift in investor focus from crypto to AI and space stocks.

SpaceX’s IPO is poised to become the largest in Wall Street history, with shares debuting on Nasdaq under the ticker SPCX at a planned price of $135. The company aims to raise $75 billion, targeting a potential $1.8 trillion valuation. Investor demand has surpassed $250 billion, oversubscribing the offering by 3.5 to 4 times, with strong interest from both institutional and retail investors. The IPO could create around 4,000 new millionaires among SpaceX employees, including non-engineering staff who received stock options. Market experts predict the opening price could surge to $1,000 due to limited supply and high demand, though concerns remain about the lofty valuation—nearly 100 times earnings, far above industry peers. This event is shifting investor attention from crypto to AI and space-related stocks, contributing to a sharp drop in Bitcoin and outflows from crypto ETFs. Analysts caution that while the IPO may boost sentiment in related sectors, SpaceX’s high valuation and operating losses, especially from its xAI division, pose risks. The IPO’s outcome could influence the broader IPO market, affecting timing and pricing for other companies.