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SpaceX: Path to IPO

From Private Launchpad to Public Orbit

EquityZen
June 22, 2026
SpaceX: Path to IPO

Founded

2002

IPO Valuation

$1.77T

Based on $135 IPO Price

Growth Trajectory: From Funding to Public Valuation

Sources:

PitchBook as of 6/11/2026.

CNBC, “What’s behind SpaceX’s $74 billion valuation: Elon Musk’s two ‘Manhattan Projects,” February 19, 2021.

Yahoo Finance, “Secondary Share Sale Boost SpaceX’s Valuation to $100 Billion,” October 8, 2021.

CNBC, “SpaceX looks to raise $1.7 billion in new funding, boosting its valuation to $127 billion,” May 22, 2022.

Bloomberg, “SpaceX Tender Offer is Said to Value Company at $140 Billion,” December 12, 2022.

CNBC, “Elon Musk’s SpaceX nears $150 billion valuation after secondary share sale,” July 13, 2023.

CNBC, “SpaceX Valuation Climbs to $180 Billion,” December 23, 2023.

Yahoo Finance, “SpaceX Tender Offer Said to Value Company at Record $210 Billion,” June 26, 2024.

Fortune, “SpaceX Share Sale Values Company Around $255 Billion,” November 15, 2024.

CNBC, “SpaceX valuation surges to $350 billion as company buys back stock,” December 11, 2024.

Yahoo Finance, “SpaceX sets US$800b valuation, confirms IPO plans,” December 12, 2025.

CNBC, “Musk’s xAI, SpaceX combo is the biggest merger of all time, valued at $1.25 trillion,” February 3, 2026.

Return by Funding Round

Funding Round Year Valuation Issue Price Return Multiple at IPO Price of $135 (IPO Price/Issue Price at Round)

Source: EquityZen Capitalization Table Analysis

Return multiples account for common stock splits. 

This is not intended to predict or project the performance of Space Exploration Technologies Corp.. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

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