SpaceX set its debut valuation at $1.77 trillion in August 2026, making it the largest in history and surpassing Saudi Aramco’s $1.7 trillion valuation [1]. Only about 4%, roughly $75 billion worth of shares, were offered to the public; the vast majority remain held by insiders [1].
The company’s revenue has shown rapid growth over the past four years. SpaceX generated $4.6 billion in 2022, $8.7 billion in 2023, $14.0 billion in 2024, and $18.7 billion in 2025 [1]. While growth remains strong, the rate has slowed compared to earlier years.
Morgan Stanley projects that SpaceX’s revenues could reach $3.4 trillion by 2040, a target used to justify the high valuation [1]. The firm estimates SpaceX’s compound annual growth rate over the next 15 years at 41.5%, a steep but less aggressive rate than Tesla’s 62% CAGR over the same time span [1].
Investors showed strong demand for the company, though insiders kept firm control with the majority of shares locked up. The public offering raised near $75 billion from the 4% float.
SpaceX’s market debut is a landmark event, positioning the space company ahead of traditional energy giants in market value. It will next report earnings for the third quarter of 2026, providing updated revenue and growth data for the public market to track.
