Elon Musk’s SpaceX is preparing to go public in a record-setting initial public offering (IPO) that would value the company at about $75 billion, according to reporting from CNBC and Reuters. The stock is being priced at $135 per share, Reuters reported, citing people familiar with the deal, in what would be one of the largest-ever listings on the Nasdaq.
Both outlets report that the offering centers on SpaceX’s fast‑growing Starlink satellite internet service, which now accounts for the majority of the company’s revenue. The IPO would mark a major transition for a firm that has so far remained privately held while becoming a dominant player in commercial space launches.
What SpaceX Is Doing in This IPO
CNBC reported that SpaceX is raising funds at a valuation of about $75 billion in what it described as a record IPO on the Nasdaq stock market. Reuters separately reported that SpaceX has priced the offering at $135 a share, also putting the implied valuation near $75 billion.
While precise deal mechanics and final terms have not been fully disclosed in the public reporting, both outlets describe the transaction as an IPO rather than a secondary share sale alone. That means SpaceX is offering shares to public investors and moving toward being a publicly traded company on Nasdaq, the U.S. exchange known for technology and growth companies.
According to Reuters’ account, the $135-per-share pricing underpins the $75 billion figure frequently cited across coverage. CNBC’s reporting similarly highlights the size of the valuation and underscores that the deal is being characterized as record‑setting in the current market environment.
Why Starlink Is Central to the Valuation
Both CNBC and Reuters emphasize that SpaceX is not just a rocket company. The bulk of its revenue now comes from Starlink, its satellite-based broadband service.
Starlink operates by deploying large numbers of small satellites in low Earth orbit to provide internet connectivity on the ground. Reuters notes that this satellite internet business is responsible for the majority of SpaceX’s revenue, while CNBC’s coverage repeatedly references satellites and the scale of the Starlink operation as key to investor interest.
The prominence of Starlink in both reports helps explain why a space launch company is being valued at tens of billions of dollars. Investors are not only assessing the demand for commercial launches, but also the recurring revenue potential from a global internet service delivered via a growing satellite constellation.
Why the IPO Is Described as ‘Record‑Setting’
CNBC characterizes the SpaceX deal as a record-setting Nasdaq IPO, and Reuters also frames the offering as a record transaction at the $75 billion valuation level. In both accounts, the word “record” is tied to the size of the offering and its implied market value rather than to a detailed league table of historical IPOs.
The sources do not provide a full ranking of past deals, so the precise category of the “record” — for example, whether it is the largest space-related IPO, one of the largest technology IPOs in recent years, or a record for a specific time period — is not spelled out in the available reporting. What is clear from both outlets is that the size of the valuation and the amount being raised stand out in the current IPO landscape and on the Nasdaq exchange.
Who Is Involved and What Is at Stake
The central figures in the transaction are:
- SpaceX – The private aerospace and satellite company founded by Elon Musk, moving toward public trading on Nasdaq.
- Elon Musk – SpaceX’s founder and chief executive, whose leadership and other high‑profile companies often influence investor sentiment. Both CNBC and Reuters identify the company as “Musk’s SpaceX.”
- Nasdaq – The U.S. stock exchange where the IPO is being listed, highlighted in CNBC’s description of the deal as a record-setting Nasdaq transaction.
For SpaceX, the stakes include gaining access to public capital markets and setting a market-based valuation that will shape future fundraising and strategic decisions. Because Starlink provides satellite internet service, the outcome of the IPO also has implications for how quickly SpaceX can fund further satellite launches, expand coverage, and invest in network capacity.
Reuters’ description of Starlink as the main revenue driver underscores that investors are effectively making a judgment about the future of satellite internet as a business, not just about launch services. CNBC’s repeated references to satellites and the scale of the offering reinforce that this is a technology and infrastructure bet as much as a spaceflight story.
Why This Matters Beyond SpaceX
Although the two sources focus primarily on the deal itself, their emphasis on the size of the IPO and the centrality of Starlink highlights several broader stakes:
- Technology adoption: By tying most of SpaceX’s revenue to Starlink, Reuters indicates that satellite internet has already become a significant commercial service, not just an experiment. The IPO’s scale reflects investor expectations about further adoption.
- Market competition: CNBC’s framing of the deal as a record Nasdaq IPO suggests that public markets are prepared to assign very high valuations to companies that control critical satellite infrastructure. That, in turn, affects how other firms and investors may evaluate competing satellite or connectivity projects.
- Regulatory and security attention: While neither CNBC nor Reuters goes into regulatory detail, the fact that the bulk of the company’s revenue comes from a satellite internet service with global reach suggests that regulators and security officials are likely to keep a close eye on how the business grows and how it is governed. This is an inference based on the nature of the service rather than a specific claim in the reporting, and should be understood as context rather than a documented regulatory action.
In all of these areas, the confirmed facts from CNBC and Reuters — the $75 billion valuation, the record characterization, and Starlink’s majority share of revenue — indicate that this IPO is not just a financial milestone but also a marker of how central satellite infrastructure has become to modern communications.
What to Watch Next
In the coming days and weeks, attention will focus on how the IPO actually performs once shares begin trading on Nasdaq. Based on the reporting from CNBC and Reuters, key indicators will include whether the stock trades significantly above or below the $135-per-share pricing and how much trading volume emerges in the early sessions.
Investors and analysts are also likely to watch for any additional disclosures SpaceX provides around Starlink’s subscriber numbers, revenue breakdown, and capital spending plans, since both outlets identify Starlink as the main revenue engine behind the $75 billion valuation.
Finally, market observers may track whether the apparent success of a large, satellite‑focused IPO prompts other space or communications companies to accelerate their own listing plans. While CNBC and Reuters do not report specific follow‑on deals, the scale and visibility of SpaceX’s listing make it a natural reference point for similar firms considering public offerings in the near term.
