SpaceX Files for Listing With $1.75 Trillion Aim as Index Providers Open Fast Track
Updated
Updated · Financial Times · May 29
SpaceX Files for Listing With $1.75 Trillion Aim as Index Providers Open Fast Track
4 articles · Updated · Financial Times · May 29
$1.75 trillion is the valuation Elon Musk believes SpaceX can command as the company filed listing documents and outlined a $28.5 trillion total addressable market.
Nasdaq has already enabled faster index entry for companies like SpaceX, and FTSE Russell this week introduced a similar route for some small-float listings, positioning the stock for rapid benchmark inclusion.
Only up to $75 billion of shares—about 4% of SpaceX—would float, yet the report says Nasdaq rules could give it index weight equivalent to roughly three times that free-float share.
That matters because passive funds tied to major indexes could be pushed into owning SpaceX quickly despite its losses and Musk-controlled governance, extending the company's reach into pensions and retail savings.
With markets fast-tracking SpaceX's IPO, are your retirement funds now underwriting Elon Musk's high-risk Mars dream?
As SpaceX goes public with huge losses and AI scandals, are index funds becoming a dumping ground for insiders?
SpaceX’s $1.75 Trillion IPO: Forced Index Exposure, Volatility, and the Future of Tech Listings
Overview
SpaceX is moving closer to its highly anticipated IPO, expected in 2026, after filing the necessary paperwork. With a staggering valuation of $1.75 trillion and projected revenues of $15-16 billion for 2025, SpaceX stands out as one of the most valuable private companies ever to go public. The company’s aggressive valuation is driven by rapid growth in its Starlink satellite internet service and the promise of new revenue streams from integrating xAI, all while operating in a market with few competitors at this scale. This unprecedented IPO could even make Elon Musk the world’s first trillionaire.