SpaceX IPO and beyond

Space Exploration Technologies (SpaceX), one of the world’s most valuable private companies, has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This highlights how innovation and value creation are increasingly occurring outside public markets. The company’s implied valuation is approximately USD 1.25 trillion following the acquisition of xAI, while media reports have referenced potential IPO valuation ranges of around USD 1.75 -2.0 trillion. If realised, this would suggest an IPO valuation premium of roughly 40%-60% relative to recent transaction...