SpaceX IPO | Missed Tesla, What Space Concept Stocks to Look at?
This Thursday, Starship V3 is expected to launch from Boca Chica, Texas. In the same week, SpaceX’s IPO filing will go public — roadshow on June 4, pricing on June 11, and official Nasdaq listing on June 12 under ticker $SpaceX(IPO001)$ . Meanwhile, $Rocket Lab USA, Inc.(RKLB)$, $Firefly Aerospace Inc.(FLY)$ and $Voyager Technologies, Inc.(VOYG)$ all rallied Monday before pulling back Tuesday.
What do you think about the $1.75 trillion valuation?
Musk merged SpaceX and xAI earlier this year, and the implied valuation is now over $1.75 trillion, with a potential price-to-sales ratio above 70x.
For comparison:
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Facebook IPO day valuation: $104B
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Alibaba IPO day valuation: $231B
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If SpaceX lists at target valuation, it would become the first trillion-dollar IPO in history.
The underwriting syndicate is stacked: Goldman Sachs (lead left), Morgan Stanley, BofA, Citi, and JPMorgan lead the deal, joined by Allen & Co, Mizuho, RBC, UBS, and others — 21 investment banks total.
So what exactly is being priced into that 70x sales multiple?
Starship + Global Starlink coverage + xAI + space computing narrative.
All of those stories may hold true long term, but whether they justify this valuation today is another question entirely.
Would you buy on IPO day?
The instinctive answer is obviously yes.
Ten years ago: Buy $1M of $NVIDIA(NVDA)$ → now worth $42.8M; Buy $1M of $Tesla Motors(TSLA)$ → now worth $26.6M
Now SpaceX ($SPCX$) arrives — “the biggest IPO in history.”
But others argue no:
The valuation already prices in the entire “Mars premium”. Early VC and institutional investors taking profits will create real selling pressure. The 6-month lockup expiration could trigger another major wave of supply
A more patient strategy:
Wait 1–3 months after IPO, let the hype cool down, and let the price settle into a more rational range. If you really want exposure, use money you can afford to lose completely, and build the position gradually instead of betting everything at one entry point.
Alternative ways to play the IPO before listing
Before buying $SPCX$ directly, several publicly traded space names are worth watching:
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$Rocket Lab USA, Inc.(RKLB)$ : $127.31, up +82% YTD, quarterly backlog +108% YoY
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$Firefly Aerospace Inc.(FLY)$ : $42.57, up +90% YTD, rallied 9% Monday before pulling back 3% Tuesday
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$Voyager Technologies, Inc.(VOYG)$ : $37.57, up +44% YTD, broke above a 33.94 buy point on May 13
These names have already partially priced in SpaceX IPO enthusiasm. Tuesday’s pullback looks more like normal profit-taking than a fundamental reversal.
How do you see the SpaceX IPO playing out?
Will it spike and dump on day one, or actually break historical records?
Do you think a $1.75 trillion valuation is justified — or purely sentiment-driven at this stage?
Would you wait for a pullback, or use names like $RKLB$ and $FLY$ to position early for the space trade?
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Personally, I think the $1.75 trillion valuation already prices in a huge amount of future optimism. Long term, SpaceX may grow into it, but short term the valuation feels very sentiment-driven with little room for execution mistakes.
I probably would not chase aggressively on IPO day. I’d rather wait for volatility to cool down and slowly build positions over time. For now, I still like $Rocket Lab USA, Inc.(RKLB)$ and $Firefly Aerospace Inc.(FLY)$ as earlier ways to participate in the space trade.
@TigerStars @Tiger_comments @TigerClub
Before SpaceX, the entire aerospace industry treated rockets like disposable single use plastic cups - launching them once and letting millions of dollars in advanced engineering burn up in the atmosphere.
But now SpaceX has proven that it is possible to land orbital rockets vertically in autonomous drone ships at sea.
By doing so, SpaceX has proven that a Falcon 9 booster can be refurbished & launched dozens of times, bringing the cost down tremendously.
SpaceX has Starlink which is a highly profitable global internet utility with predictable recurring subscriptions that generate free cash flow.
As Warren Buffett likes to say: Opportunities come infrequently. When it rains Gold , put out the bucket, not the thimble ".
@Tiger_comments @TigerStars @Tiger_SG
2. It is likely to spike on day on with positive performance due to this hype.
3. It’s current valuation is consistent with market expectations and is likely to increase further
4. Spacex is a better investment on day one before the hype and increased. While there are competitors. $Rocket Lab USA, Inc.(RKLB)$ $Firefly Aerospace Inc.(FLY)$ these competitors do not have us government contracts
If the launch succeeds, the managing directors on the June 4 roadshow will absolutely be replaying that footage.