SpaceX went public at $1.77 trillion — what that means for the night sky
On June 12, SpaceX raised $75 billion in the largest initial public offering in history. The company listed on the Nasdaq at $135 per share, valuing the business at approximately $1.77 trillion — putting it among the ten most valuable public companies on Earth. Within hours of the listing, a Falcon 9 carrying 29 Starlink satellites lifted off from Cape Canaveral. The symbolism wasn’t accidental. The reason SpaceX commands that valuation isn’t Starship, and it isn’t the Artemis HLS contract. It’s 10,400 satellites already in orbit, beaming internet to paying subscribers in 75+ countries. Starlink generates an estimated 58% of SpaceX’s total revenue. When public investors bought SpaceX stock this week, they bought a satellite internet company that also happens to build rockets. ...