SpaceX's IPO may place it in S&P Communication Services sector due to Starlink revenue dominance.

SpaceX, led by Elon Musk, is preparing for an IPO with a valuation target of $1.75 trillion. Financial data firms S&P Global and MSCI will determine which sector SpaceX fits into, considering its diverse business areas including space launches, satellite internet via Starlink, AI platform Grok, and data centers. Given Starlink's $11 billion revenue in 2025, SpaceX is likely to be classified in the S&P Communication Services sector, alongside companies like Alphabet and Meta. However, it could also fit into the industrials sector due to its space and defense activities. This classification impacts how investors can gain exposure to SpaceX through sector indexes after its public listing.