Analysts peg SpaceX’s fair value at $780 billion, less than half its $1.75 trillion IPO target, amid high revenue multiples.
SpaceX is eyeing a $1.75 trillion valuation for its upcoming IPO, nearly double Morningstar’s $780 billion fair value estimate. The company’s price-to-sales multiple exceeds 67x, raising concerns about overvaluation despite strong growth projections.
Goldman Sachs forecasts SpaceX’s AI revenues to surge 100x to $322 billion by 2030, though its Grok model lags competitors. Starlink remains the primary revenue driver, with expanded rocket capacity set to accelerate satellite deployments amid intensifying competition.
Market reactions remain mixed, with some investors wary of overpaying while others anticipate a surge in capital flows, potentially diverting funds from other tech sectors.