Photograph: Bruce Weaver/AFP/Getty ImagesElon Musk’s SpaceX is reportedly eyeing a June initial public offering (IPO), one that would value the company at $1.75 trillion (€1.52 trillion). The rocket business, once a cash sink, is now solidly profitable, but it is Starlink that carries the burden of a $1.75 trillion valuation, “the only reason this valuation is defensible”, as one analyst told Reuters. Media reports suggest SpaceX made about $8 billion in profit on $15 billion to $16 billion in revenues last year. Granda was talking about a $1.5 trillion valuation although at these altitudes, another $250 billion barely registers. Meta, Apple, Alphabet, and Microsoft all trade for between seven and nine times sales.

Source: The Irish Times April 04, 2026 12:26 UTC