The rocket company’s June 12 debut could mark the largest IPO ever but faces median 32% first-year losses for mega-listings.
SpaceX plans to go public on June 12 with a targeted $1.75 trillion valuation, positioning it as the largest IPO in history. The company leads in satellite broadband, rocket launches, and defense contracts, fueling investor enthusiasm amid a resurgent IPO market.
Historically, IPOs exceeding $50 billion have delivered median one-year losses of 31.9%, as lofty valuations often outpace business performance. Alphabet and Alibaba both saw sharp post-IPO declines before long-term recoveries, underscoring the volatility of mega-listings.
Tech and AI-driven valuations have pushed stock indexes to record highs, but SpaceX’s debut may test investor appetite for high-risk, high-reward offerings in an expanding market.