SpaceX’s unconventional $135 fixed share price and $2 trillion valuation target raise investor concerns amid $4.4 billion losses.
SpaceX plans to raise $75 billion in its upcoming IPO, targeting a $2 trillion valuation despite posting a $4.4 billion loss in 2025 and a $4.3 billion loss in Q1 2026. The company’s decision to set a fixed $135 share price—deviating from standard IPO pricing protocols—has drawn scrutiny from investors.
The stock is expected to trade at roughly 100 times trailing-12-month sales, a premium valuation that analysts warn could lead to early volatility. SpaceX also sought early inclusion in the S&P 500, a request rejected by index administrators, further highlighting its unconventional approach.
Elon Musk will retain ultimate voting control, adding another layer of risk for potential investors. While the company’s high-profile status may attract buyers, its profitability and pricing strategy remain key concerns.