Story perspectives

SpaceX Targets $1.75 T Valuation in $75 B IPO

6/10/2026

Summary

SpaceX IPO

SpaceX announced a $75 billion IPO targeting a $1.75 trillion valuation, pricing June 11 and Nasdaq trading June 12.
The offering may reserve up to 30% for retail investors, sparking strong demand in Asia despite access limits.
European satellite makers Eutelsat, OHB and SES posted double-digit gains as investors chased SpaceX exposure.
Nick Wilcox said the IPO will channel capital to the supply chain, benefiting Asian firms such as Chin-Poon Industrial and Wistron NeWeb.

Summary

Long March Debut

Long March 12B debuted on June 1 delivering Qianfan broadband satellites without booster recovery.
The Shanghai-backed Qianfan constellation targets over 15,000 satellites by 2030, directly rivaling SpaceX’s Starlink.
Rocket Lab’s Curveball mission launched on June 12 from Wallops, likely a HASTE hypersonic test and its first classified sub-orbital flight.
Landspace’s ZhuQue-2E Block 2 is scheduled for June 9 from Jiuquan, set to become the first methane-fuelled rocket to reach orbit.

History

Historical Context

Iridium began service on 1 November 1998 when Al Gore placed the first call, deploying a 66-satellite LEO constellation backed by Motorola and raising billions of dollars in an IPO. Nine months later, on 13 August 1999, the company entered Chapter 11, dampening other satellite projects. The network resurfaced in 2001 and earned GMDSS certification in 2020.

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SpaceX IPO

SpaceX announced a $75 billion IPO targeting a $1.75 trillion valuation, pricing June 11 and Nasdaq trading June 12.
The offering may reserve up to 30% for retail investors, sparking strong demand in Asia despite access limits.
European satellite makers Eutelsat, OHB and SES posted double-digit gains as investors chased SpaceX exposure.
Nick Wilcox said the IPO will channel capital to the supply chain, benefiting Asian firms such as Chin-Poon Industrial and Wistron NeWeb.

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