Spacex Sets Insider Share Deal At About 800 Billion Valuation
Bloomberg14 hrs
Reports: SpaceX Eyes 2026 IPO at $1.5T Valuation
Is SpaceX a proven cash machine ready for public markets, or will its Mars ambitions drain shareholder returns?
Above: The logo of Starlink, a satellite internet constellation operated by SpaceX. Image credit: Matteo Della Torre/NurPhoto/Getty Images
The Spin
Pro-establishment narrative
SpaceX is poised to shatter IPO records with a $1.5 trillion valuation driven by explosive Starlink growth and operational excellence. The company expects revenue to jump from $15 billion in 2025 to as much as $24 billion in 2026, fueled by satellite internet dominance and direct-to-mobile expansion. With years of positive cash flow and systematic buybacks proving financial discipline, this isn't speculation — it's a proven business ready for public markets.
Establishment-critical narrative
The $1.5 trillion valuation masks a fundamental conflict between profit and Musk's obsession with Mars that will punish public shareholders. Starlink's $15 billion revenue stream risks being drained by the capital-intensive Starship program before delivering returns, while unproven ventures like orbital data centers face serious technical hurdles. Investors must accept billions diverted to interplanetary R&D with zero payoff while quarterly earnings suffer.
Metaculus Prediction
Public Figures
The Controversies
Establishment split
CRITICAL
PRO
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© 2025 Improve the News Foundation. All rights reserved.Version 6.18.0
© 2025 Improve the News Foundation.
All rights reserved.
Version 6.18.0