SpaceX Raises Record $75 Billion in IPO at $1.77 Trillion Valuation, COO Says Timing Is Right

According to CNBC's exclusive interview, SpaceX Chief Operating Officer Gwynne Shotwell said the timing feels right for the company to go public ahead of its investor roadshow. "It actually feels like the right time now," Shotwell told CNBC, noting that SpaceX needed to remain private earlier to focus on long-term goals rather than quarterly financials.

SpaceX raised a record $75 billion in its IPO, valuing the company at nearly $1.77 trillion. At that market cap, SpaceX would debut as the seventh most-valuable company in the U.S., surpassing Meta and Tesla. The valuation implies an estimated 2026 revenue multiple of 40 and an adjusted earnings multiple of 175.