"I opened the conversation by noting that Elon Musk, the richest man in the world, has most of his wealth split between public and private companies, and now appears ready to take one of his most valuable private assets public. Lee agreed and said Musk has been dropping increasingly clear hints that a SpaceX IPO is coming, likely sooner rather than later."
"Lee laid out the numbers, and they are staggering. A SpaceX IPO could imply a total company valuation of $1.5 trillion to $2 trillion, with the offering itself raising roughly $30 billion. For Wall Street, that would be transformative. Equity capital markets have been largely dormant for years, first shut down during COVID and only briefly reopening since. Lee said bluntly that a deal of this magnitude could open the floodgates for IPOs that have been stuck in the pipeline."
Elon Musk holds most of his wealth across public and private companies and appears poised to take a key private asset public. A SpaceX IPO could imply a $1.5 trillion to $2 trillion valuation and raise roughly $30 billion, potentially reigniting dormant equity capital markets. The satellite internet business represents a major value driver, while next-generation rockets remain expensive and carry execution risk that could erode investor confidence. The offering would allow value monetization while enabling Musk to retain control. Persistent failures could test investor patience under public quarterly scrutiny. A public listing would likely produce a substantial first-day surge, possibly 50%–70%, though retail allocation may be limited unless banks broaden access.
Read at 24/7 Wall St.
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