SpaceX

Amazon’s valuation stands at $2.65trn, Microsoft’s at $2.92trn, and the world’s top three companies exceed $4trn in market value

SpaceX surged 19 per cent in its first day of trading on Nasdaq, pushing its valuation beyond $2tn and propelling Elon Musk’s net worth past the $1tn mark, as investors piled into the largest IPO in history

In Asia, investors see Taiwan as a key gateway to the SpaceX supply chain

Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand

The launch pad has been “practically destroyed” and engineers expect at least a six-month disruption

Elon Musk’s SpaceX has unveiled plans for a potentially record-breaking IPO, exposing steep AI-related losses, tight founder control and ambitious bets on Mars missions

IPO aims to raise $75 billion, valuing SpaceX up to $1.75 trillion

A public listing at a potential valuation of more than $1.75 trillion would signal that space exploration has moved from speculative venture to a mainstream investment

The company is expected to make around $15bn in revenue in 2025, increasing to between $22bn and $24bn in 2026

The deal follows a similar partnership announcement between Starlink and India’s No. 2 telecom player Bharti Airtel a day before