Goldman Sachs expects SpaceX’s artificial intelligence revenue to rise from $3.2 billion in 2025 to $322 billion by 2030, a roughly 100-fold increase that has become a central part of the company’s expected public-market valuation. The forecast places AI services, satellite connectivity, and computing infrastructure at the center of investor attention as SpaceX prepares for its Nasdaq debut.
SpaceX is targeting an IPO price of $135 per share, with plans to sell about 555.55 million shares. The company expects to raise about $74.4 billion in net proceeds, or $85.7 billion if underwriters fully exercise their option to buy additional shares. At that price, SpaceX would be valued at $1.75 trillion to $1.77 trillion.
The company is expected to list under the ticker SPCX on June 12, with final pricing expected on June 11. The planned listing would become the largest IPO on record by offering size and would place SpaceX above Tesla’s market value.
SpaceX IPO Access Expands to Retail Investors
Fidelity has lowered the account requirement for customers seeking access to SpaceX IPO shares to $2,000, down from levels that had reached as high as $500,000. The wider access comes as SpaceX is expected to reserve up to 30% of the offering for retail and eligible investor participation.
Buying through the IPO process differs from purchasing after shares begin public trading. IPO investors submit an indication of interest before pricing, while open-market buyers pay the trading price once the stock begins moving on Nasdaq. The current target IPO price is $135, but the final price will be confirmed before trading starts.
Brokerages have also reminded customers to review IPO flipping policies. Fidelity states that investors who sell allocated SpaceX shares within the first 15 calendar days after trading begins may face restrictions on future new issue participation. Its policy lists a six-month block for a first flip, one year for a second flip and a permanent restriction after a third flip.
Other platforms use different windows. Robinhood treats sales within 30 days as flipping and may restrict IPO access for 60 days. SoFi may restrict users for 180 days after a first flip, 365 days after a second and permanently after a third, with possible fees on sales before the 120th day of trading.
Coinbase and Binance Add SpaceX Pre-IPO Perps
Crypto exchanges are also adding SpaceX-linked products before the public listing. Coinbase has launched pre-IPO perpetual futures for eligible users outside the United States, starting with SpaceX. The contract is USDC-settled, trades 24/7 and has no expiry date.
Coinbase said the product is designed to give eligible traders price exposure to private companies before they go public and support price discovery. If SpaceX completes its listing, the contract is expected to transition into a standard SpaceX perpetual contract.
Binance has also introduced a SpaceX-linked perpetual contract under SPCXUSDT, based on Tether. The product tracks expected SpaceX valuation before the IPO and gives traders another way to express views on the company’s public-market pricing.
Prediction markets have also become active around the listing. Polymarket traders have assigned an 86% probability to SpaceX becoming the largest IPO by market cap in 2026, ahead of Anthropic and OpenAI. Another market placed about a 70% chance on SpaceX reaching a valuation above $2 trillion.
Elon Musk Stake and SpaceX Financial Profile Draw Attention
Elon Musk’s SpaceX stake is valued at about $866.5 billion on paper at the proposed IPO price. After the offering, Musk is expected to retain more than 82% voting control. The filing states that he will be subject to a 366-day lock-up period before he can reduce his ownership position.
Musk also owns Tesla shares worth about $355 billion, with options that could add more than $100 billion. Forbes lists his net worth as $826 billion, placing him far ahead of the next wealthiest individuals.
SpaceX generated $18.67 billion in revenue last year, far below the revenue scale of some megacap peers. Tesla reported nearly $95 billion in sales, while Meta exceeded $200 billion. Goldman’s forecast expects SpaceX's total revenue to reach $474 billion by 2030, with AI revenue representing the largest growth driver.
The IPO filing also showed that SpaceX bought 18,712 Bitcoin in 2022 at an average price near $35,000 per BTC and retained the position. The Bitcoin holding has added another point of interest for crypto traders watching the IPO amid the Coinbase and Binance pre-IPO perpetual markets..
