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Elon Musk’s SpaceX is worth every penny of its expected IPO
The Spectator ^ | 02/05/2026 | Matthew Lynn

Posted on 02/05/2026 9:44:08 AM PST by SeekAndFind

As the hype builds for the reported $1.5 trillion IPO of Elon Musk’s SpaceX later this year, there will be plenty of critics who argue the company’s marketing has more hot air than one of its rockets. It has been claimed by some that the IPO will be worth more than the top seven companies currently listed on the London Stock Exchange – including century-old giants such as Shell, HSBC and AstraZeneca – combined. And yes, sure, there is probably an element of wishful thinking in these reports, as there often is with Musk. But SpaceX also has the potential to become one of the giants of the 21st-century economy and is very likely to prove its worth.

SpaceX’s will be the biggest IPO of the year. This week, Musk folded his xAI business, which includes the social media site X and artificial intelligence chatbot Grok, into his space business. The merger values the combined businesses at $1.25 trillion, and when it joins the stock market, it is expected to be priced at least $1.5 billion. Given the way technology stocks are soaring, it may well be even more.

It is, of course, a lot of money for a business that has yet to turn a profit. There will be plenty of skeptics who dismiss it as a part of a bubble that has spun out of control. In fairness, there will be an element of truth to that. SpaceX is consuming vast amounts of cash and has yet to generate a return. It is also hard to see where furious social media posts fit within a company making rockets and satellites.

Even so, SpaceX is still a fantastic opportunity for investment. It has pioneered low-cost rockets, turning what was once a prestige industry completely reliant on state funding into a routine commercial operation. Its Starlink satellite-based internet system has made it simple to use the internet on planes, has made communications available in remote (or repressive) parts of the world, and may even take on established broadband providers such as BT.

It is exploring ways of building data centers in space where the vast amounts of electricity its systems consume can be generated far more cheaply. The space economy is starting to become a reality, generating commercial possibilities that may only become apparent over the next few years. SpaceX is way out in front of all its rivals, and that will be very valuable.

The most important point perhaps, though, is this. We have been here before. When Tesla was first listed in June 2010, it raised $226 million in fresh capital from investors and had a total market value of $1.7 billion. It seemed like a lot for a company that made electric vehicles, a niche product that few people were interested in at the time. But its value now? $1.3 trillion. It is the most valuable auto company in the world, at least measured by its share price.

Musk has plenty of critics, and with multiple companies and political projects, he probably spreads his energy too thinly. Yet there is no doubt that he is also the greatest entrepreneur of our times. Sure, SpaceX will be very expensive when it comes to the market. But it is worth a lot more than the likes of Shell and HSBC – and that will quickly become very clear.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bootlickbillionaires; ipo; musk; spacex; spacexipo

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1 posted on 02/05/2026 9:44:08 AM PST by SeekAndFind
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To: SeekAndFind
The merger values the combined businesses at $1.25 trillion, and when it joins the stock market, it is expected to be priced at least $1.5 billion.

I miss editors.

2 posted on 02/05/2026 9:45:58 AM PST by ShadowAce (Linux - The Ultimate Windows Service Pack)
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To: SeekAndFind

I would love to buy into SpaceX.


3 posted on 02/05/2026 9:49:18 AM PST by Fido969
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To: ShadowAce
Nothing is worth anything except what someone with the money is willing to pay for it.
4 posted on 02/05/2026 9:49:45 AM PST by Paal Gulli
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To: Fido969

“I would love to buy into SpaceX.”

It will be about 2-4weeks after IPO before I even look at it.


5 posted on 02/05/2026 9:53:54 AM PST by Mariner (War Criminal #18)
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To: SeekAndFind

An IPO’s worth is self-evident.


6 posted on 02/05/2026 9:54:18 AM PST by HIDEK6 (God bless Donald Trump PPP on)
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To: SeekAndFind

Is there a date for this IPO yet?


7 posted on 02/05/2026 9:58:34 AM PST by US_MilitaryRules (#PureBlood )
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To: US_MilitaryRules

I asked Grok (insider):

The anticipated date for a SpaceX IPO, based on recent reports as of early February 2026, is mid-June 2026, potentially around June 28 (Elon Musk’s birthday). This timing has been tied to symbolic factors like a planetary alignment of Jupiter and Venus, as well as Musk’s personal milestone.


8 posted on 02/05/2026 10:19:49 AM PST by Rio
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To: Paal Gulli

And for the company that will build data centers in space, they will pay a lot.


9 posted on 02/05/2026 10:36:19 AM PST by bigbob (We are all Charlie Kirk now)
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To: SeekAndFind

You can be sure the Chinese Communist Central Committee will want the PRC to be able to launch things into orbit on the cheap.


10 posted on 02/05/2026 10:37:22 AM PST by Brian Griffin
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To: SeekAndFind

I hate seeing X/Twitter being acquired by a publicly traded company. Eventually they all go woke.


11 posted on 02/05/2026 10:40:04 AM PST by circlecity
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To: SeekAndFind

A brand new BYD car might cost $10,000.

One hundred million of them would cost $1 trillion.


12 posted on 02/05/2026 10:41:07 AM PST by Brian Griffin
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To: ShadowAce

Maybe he meant per share.


13 posted on 02/05/2026 10:41:38 AM PST by circlecity
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To: SeekAndFind

Musk is going to merge all his companies under one roof. The combined value will be north of 1.5 trillion

Tesla has had a compounded growth rate of 44 percent.

I expect the company to be a 100 trillion dollar company in 10-15 years.

Musk has laid out the path to get there. 1.) fsd eats the auto industry. 2. robots sell like hot cakes on earth, the moon and mars. 3. solar powered data centers

Musk moves at Musk speed. (like Trump moves at Trump speed.)


14 posted on 02/05/2026 10:45:09 AM PST by ckilmer (`61)
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To: SeekAndFind

bkmrk


15 posted on 02/05/2026 10:52:49 AM PST by fwdude (Why is there a "far/radical right," but damned if they'll admit that there is a far/radical left)
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To: Mariner

Same here, I’ve never seen an IPO as long as I’ve been watching the market, which has been about five years now, that didn’t moonshot and then turn around and do a massive correction to end up being worth less than it was at the IPO weeks later


16 posted on 02/05/2026 10:52:51 AM PST by suasponte137
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To: ckilmer

“Musk is going to merge all his companies under one roof.”

I’m sure the EU fine (10% of global revenue) levy people in Brussels will be delighted.


17 posted on 02/05/2026 10:58:05 AM PST by Brian Griffin
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To: Brian Griffin

“Musk is going to merge all his companies under one roof.”

I’m sure the EU fine (10% of global revenue) levy people in Brussels will be delighted.

////////
Trump read the Europeans the riot act in davos a couple weeks ago. The ruling elites there have decided to double down.

Its really hard to know what will happen there except that the right in Europe is experiencing increasing pressure even as the left in the USA is experiencing increasing pressure. And both left and right are are feeling the compression of time caused by AI.


18 posted on 02/05/2026 11:03:26 AM PST by ckilmer (`61)
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To: ckilmer

SpaceX is already highly profitable due to StarLink.


19 posted on 02/05/2026 11:06:36 AM PST by BushMeister ("We are a nation that has a government - not the other way around." --Ronald Reagan)
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To: SeekAndFind

.


20 posted on 02/05/2026 11:10:53 AM PST by redinIllinois (Pro-life, accountant, gun-totin' Grandma - multi issue voter )
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