No, SpaceX Is Not Preparing a $1.77 Trillion IPO — The Numbers Are Way Off
“SpaceX is preparing for an IPO with an initial market capitalization of $1.77 trillion based on $135 per share pricing”
The argument in brief
A claim circulating online says SpaceX is planning an IPO priced at $135 per share with a $1.77 trillion market cap. This is false. SpaceX has no announced IPO, no SEC filing, and its most recent private market valuation was around $350 billion — roughly one-fifth of the figure being claimed.
Data: Reuters, Bloomberg, PitchBook secondary market transactions
Why it spread
Big IPO rumors trigger fear of missing out, especially among retail investors who worry about getting in early on the next huge listing. Attach Elon Musk's name to anything financial and engagement skyrockets, regardless of whether the underlying claim holds up. The specific numbers — $135 per share, $1.77 trillion — made it feel like insider information rather than guesswork.
A viral claim is telling people that SpaceX is gearing up for a public offering at $135 per share, which would value the company at $1.77 trillion. That figure is not just unconfirmed — it appears to be entirely fabricated or wildly speculative. No IPO has been announced, and no registration statement has been filed with the SEC, which is a required legal step before any company can go public.
The most reliable data on SpaceX's actual value comes from its private share sales. Reuters, Bloomberg, and CNBC all reported that a December 2024 insider tender offer placed SpaceX's valuation at roughly $350 billion. PitchBook's private market data tells the same story, showing valuations in the $200 to $350 billion range throughout 2024 and into 2025. That is a real and impressive number — but it is about five times smaller than what the claim states.
Elon Musk himself has repeatedly said SpaceX is not ready for an IPO. The Wall Street Journal reported that Musk wants Starlink's revenue to become more stable and predictable before taking the company public. There is no timeline, no pricing, and no public offering in motion.
To be fair, SpaceX is genuinely one of the most valuable private companies in the world, and its valuation has grown fast — from $33 billion in 2019 to $350 billion by late 2024. It is reasonable to speculate about a future IPO. But speculation is not fact, and a made-up share price is not a filing.
This kind of claim spreads because it mixes something real — SpaceX's rapid growth — with invented specifics that sound authoritative. If you see a precise share price and market cap for a private company with no linked SEC filing or official press release, treat it as a red flag. Precision is often used to fake credibility.
Sources
- Reuters
SpaceX was valued at approximately $350 billion in a December 2024 insider share sale, far below the $1.77 trillion figure claimed.
- Bloomberg
SpaceX conducted tender offers valuing the company around $350 billion as of early 2025, with no confirmed IPO plans announced.
- The Wall Street Journal
Elon Musk has repeatedly indicated SpaceX is not planning a near-term IPO, and the company has relied on private funding rounds and secondary share sales instead.
- CNBC
SpaceX's most recent secondary market transactions placed its valuation at roughly $350 billion, not $1.77 trillion. No $135/share IPO pricing has been officially announced.
- PitchBook
Private market data consistently shows SpaceX valuations in the $200-$350 billion range through 2024-2025, with no public offering registered with the SEC.
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