A $75 billion IPO would not just break records; it would dwarf them, at nearly three times the size of Saudi Aramco’s historic listing.
SpaceX brings scale, Starlink’s recurring revenue, exposure to satellite infrastructure, defense demand, and a broader AI/orbital data-center narrative following the xAI merger.
For traders, the key twist is flow. If SpaceX is added quickly to major indices, passive funds and benchmark-tracking portfolios may be forced to buy the stock. That could turn the IPO from a short-lived headline trade into a structural demand story, where buying is supported not only by hype, but by institutional allocation.