SpaceX's Galactic IPO: A New Frontier in Business Valuation

Elon Musk’s SpaceX is making waves in the financial world as it gears up for what could become the largest IPO in history. The company has disclosed intentions to acquire the AI coding startup, Cursor, for $60 billion—a move that highlights its commitment to technological expansion.

With its IPO roadshow underway, SpaceX aims to justify a staggering $1.75 trillion valuation, despite revealing a multi-billion-dollar loss for 2025 due to substantial AI investments. The company plans to raise $75 billion, all while ensuring Musk retains a dominant voting control through super-voting shares.

In an unprecedented retail push, SpaceX intends to allocate about 30% of shares to retail investors, showcasing its Starbase facilities. As its listing prompts industry shifts, index providers are considering new methodologies to integrate SpaceX swiftly into market benchmarks.