SpaceX has no direct peers, so there are varying interpretations of its valuation.

Glonghui June 3rd｜SpaceX is reportedly planning to price its initial public offering (IPO) at $135 per share, intending to issue 555.6 million shares and raise $75 billion. Earlier this year, SpaceX merged with Musk's artificial intelligence startup xAI, a deal that valued the rocket company at $1 trillion, while Grok chatbot developer was valued at $250 billion. The company has no direct peers, so its valuation is subject to different interpretations. According to a research report dated June 1st, Morningstar valued SpaceX at $780 billion, which is 48% lower than its current private market valuation. Most of this value comes from its Starlink satellite communications business, which contributed the majority of the company's revenue, profits, and growth last year. However, SpaceX has tied most of its growth prospects to artificial intelligence, and a considerable part of its planned future revenue depends on technologies that have not yet been developed, including solar-powered data centers in space, as the company targets a potential market sized at $28.5 trillion.