SpaceX Listing Approaches With a Two-Trillion-Dollar Valuation and Open Questions

The coming initial public offering of SpaceX has become one of the largest events on the market calendar. The company has priced its offering at 135 dollars a share, valuing it at about 1.77 trillion dollars, and is scheduled to begin trading on the Nasdaq on June 12. SpaceX plans to sell roughly 555.6 million shares to raise about 75 billion dollars, which multiple financial outlets describe as the largest initial public offering in history. Onchain platforms had earlier assigned the company an even higher two-trillion-dollar valuation, CoinDesk reported, a figure that would place it among the most valuable companies in the world.

The enthusiasm carries clear risk. Deutsche Welle noted that while the rocket and satellite business offers real potential, much of the valuation rests on futuristic and unproven plans, leaving investors exposed if those projects fall short. The same listing is already drawing capital away from other assets, a factor the Financial Times cited in gold's decline.

The contest is also geopolitical. The South China Morning Post reported that Chinese insurers are underwriting SpaceX's domestic rivals, part of a broader effort by mainland capital and the Hong Kong market to position for an orbital race against the United States. The listing, in other words, is reshaping flows well beyond Wall Street.