The historical outlook for S-1 has officially confirmed the worst fears of the skeptics: SpaceX is hitting Nasdaq on June 12 under the ticker SPCX with a set price of $135 per share, aiming for a staggering valuation of $1.75–$2 trillion with an annual revenue of just $18.7 billion. Musk is selling Wall Street not real profits, but an aggressively packaged conglomerate (including xAI, social network X, and the Starlink monopoly), masking a net quarterly loss of $4.28 billion with massive contracts from Anthropic for orbital computing.
At the start of trading, retail investors, who have been allocated a record 30% of the float, are guaranteed to pump the price in a short-term speculative frenzy, but the inevitable hangover from tough financial reports at a 100x sales leverage will likely crash the price in the first six months, opening a real window for long-term buys at a fair price.
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