SpaceX is preparing for a June 12 IPO that could value the company at about $1.75 trillion, potentially becoming the largest public offering in history. The company’s filings describe a $28.5 trillion total addressable market covering satellite broadband, launch services, defense contracts, deep-space logistics, and global communications infrastructure. Market enthusiasm is lifting stock indexes to record highs as tech and AI valuations rise alongside corporate profits. Nasdaq has indicated willingness to adjust index inclusion rules so SpaceX shares could enter major indexes quickly after listing, which could force purchases by ETFs and passive funds. Despite strong demand expectations, research indicates that larger IPOs tend to perform worse over time, creating risk for investors buying at the start.
"SpaceX may very well become one of the defining companies of the next decade. But history says investors piling in on day one could face a turbulent ride."
"According to SpaceX's IPO filings, the company is targeting what it calls a $28.5 trillion total addressable market spanning satellite broadband, launch services, defense contracts, deep-space logistics, and global communications infrastructure. For perspective, the U.S. inflation-adjusted GDP currently sits around $24.17 trillion."
"The Nasdaq, for example, was willing to modify certain index inclusion rules so SpaceX shares could potentially enter major indexes almost immediately after listing. That matters because index inclusion forces ETFs and passive funds to buy shares regardless of valuation. In other words, demand could become automatic."
"Research from 22V Research shows that the larger the IPO, the worse the long"
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