SpaceX Targets $2 Trillion IPO Valuation, Eyes Trillion-Dollar Club

SpaceX has filed its S-1 and is pricing a record IPO for June 11-12 under ticker SPCX, targeting $1.75-2.0 trillion. The company reported 2025 revenue of $18.6-18.7 billion with net losses near $4.9 billion driven by $12 billion in AI-related capex. Markets are already pricing in heavy index-driven demand and short-term volatility, contrasting SpaceX's high-risk profile with established trillion-dollar firms such as Nvidia.