SpaceX Has Picked a Date for Its IPO. Here's Everything Investors Need to Know Before What Could be the Biggest IPO Ever

Key Points:

• SpaceX is set to make its public markets debut on June 12, with hopes to raise $80 billion or more, potentially making it the largest IPO ever with valuations estimated between $1.75 trillion and $2 trillion.
• The company is a pioneer in the space economy, utilizing reusable rockets for cost-effective space missions and operating Starlink, a satellite network providing global internet access, which has nearly 10,300 satellites and 9 million users.
• SpaceX recently acquired Elon Musk's AI company xAI, valued at $250 billion, positioning itself as a leader in sovereign AI by owning the entire AI stack from intelligence to hardware.
• Financially, SpaceX reported a $5 billion loss on $18.5 billion revenue in 2025, with Starlink being highly profitable, generating $11.4 billion in revenue and 63% EBITDA margins, though its valuation is extremely high at over 108 times trailing revenue.
• Investors are advised to carefully review the IPO registration statement and lock-up provisions, approach the IPO with caution due to expected volatility, and consider waiting for more earnings data and potential better entry points after the initial trading period.