No, SpaceX's IPO Valuation Is Not $1.75 Trillion — The Real Number Is Five Times Lower

A figure of $1.75 to $1.77 trillion has been circulating as SpaceX's supposed IPO valuation. The verdict: this number has no credible basis. No financial filing, no institutional analyst report, and no established news outlet supports it.

Here is what the evidence actually shows. In December 2024, SpaceX raised funds through a tender offer that valued the company at approximately $350 billion, according to Reuters, Bloomberg, and CNBC. That is a large and impressive number — but it is roughly five times smaller than the figure being claimed. SpaceX's private valuation has grown steadily, from around $74 billion in 2021 to $350 billion by late 2024, but nothing in that trajectory supports a sudden leap to $1.75 trillion.

Critically, SpaceX has not filed for an IPO. The Wall Street Journal reports that Elon Musk has repeatedly said the company is not planning to go public in the near term. Without an IPO filing, any specific IPO valuation figure is pure speculation. A number this precise — $1.75 to $1.77 trillion — gives a false impression of being sourced from real financial analysis when it is not.

To be fair to the strongest version of this claim: SpaceX does operate genuinely transformative businesses. Starlink alone has millions of subscribers and growing revenue. Optimistic long-range projections from some analysts do imagine a future where SpaceX could reach very high valuations. But a projection about what a company might someday be worth is not the same as a verified IPO valuation, and presenting it as one is misleading.

This kind of misinformation tends to spread through investment forums, social media, and newsletters that mix real financial news with hype. Watch for two red flags: very specific numbers presented without a named source, and IPO valuations for companies that have not actually announced an IPO. Both are present here.