SpaceX don file IPO secret: valuation $1.75T, fit reach for raise up to $75B
SpaceX don file confidential draft wit di US SEC, dem dey target list for Nasdaq for June. Di company dey eye valuation up to $1.75 trillion and fit raise equity up to $75 billion, wey fit make di SpaceX IPO one of di biggest for modern finance history. Bloomberg report am first, and CNBC plus Reuters confirm am independent. SpaceX never talk publicly.
Inside "Project Apex," di planned structure fit get dual-class shares to protect insiders vote control, and di company reportedly go allocate up to 30% of shares to retail investors (about three times normal). CNBC still talk say 21 banks don line up, with Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as senior bookrunners.
Di valuation story heavy for Starlink. SpaceX report about 9.2 million subscribers across roughly 150 countries and about $16B yearly revenue, wit projections toward about $22B by end-2026. For February 2026, SpaceX merge wit Elon Musk’s xAI, bring Grok and di X brand into di same corporate structure. Musk get about 44% of SpaceX.
For crypto traders, dis na indirect signal: di SpaceX IPO more about reinforcing institutional capital formation and broader tech risk appetite than to change crypto fundamentals short-term.
Neutral
Dis SpaceX IPO na be wan macro/institutional risk-sentiment event, no be crypto-specific catalyst. Even if na big IPO (valuation reach up to $1.75T, fit raise up to $75B) fit boost wider Wall Street appetite and liquidity expectations — wey fit make market-wide people ready to take risk — e no change crypto fundamentals or network metrics direct. For traders, likely effect small and indirect (sentiment/flows), so overall impact on any particular crypto price best classify as neutral.