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NEW YORK, N.Y. — The landmark SpaceX IPO has officially launched, marking a monumental moment for American-style capitalism as founder Elon Musk prioritizes everyday retail investors by allocating a significant portion of shares to the public rather than solely to institutional bankers.
The highly anticipated public offering has shattered historical records, officially taking the aerospace manufacturer into outer space financially. Wall Street investment banks are projecting staggering growth for the company. Goldman Sachs estimates that revenue, which included a respectable $3 billion from Musk’s xAI in 2025, could reach $322 billion by 2030. Morgan Stanley projects that by 2040, SpaceX sales will hit $3.4 trillion, with operating profits soaring to $2.7 trillion, a massive leap from the $19 billion in sales and $7 billion in operating profits recorded in 2025.
Musk has structured the IPO to heavily favor the public. Setting the share price at $135, he is reserving up to 30% of the shares specifically for retail investors. This strategy limits the traditional power of investment bankers and significantly increases the stake of individual buyers, a move described as capitalism on steroids. The offering is expected to value the company at approximately $1.8 trillion on its first day of trading.
Beyond the financial metrics, the IPO has generated profound economic mobility. The public listing has created an estimated 4,400 new millionaires. This wealth creation extends far beyond top executives, encompassing the engineers, welders, technicians, and cafeteria workers who took smaller paychecks early on because they believed in the company’s mission. Many of these employees now hold stakes worth well over $100 million.
Financial analysts have compared the event to the Facebook IPO, though with a key difference in execution. During the Facebook launch, financial media and bankers continuously hiked the offering price to absorb every ounce of interest, resulting in the stock initially plummeting after it opened. In contrast, SpaceX’s leadership deliberately avoided oversubscribing or abusing the pricing, a decision that has resonated positively with the public and reinforced Musk’s reputation for defying traditional Wall Street norms. Ultimately, the event is being hailed not just as a financial liftoff, but as a definitive reminder of American exceptionalism and the next chapter in the global space economy.