SpaceX IPO draws $70B retail orders, signaling huge market interest and a $1.77T valuation.

The SpaceX IPO, opening June 12, has attracted over $70 billion in retail investor orders, nearly matching the $75 billion total raise, marking unprecedented retail demand. Priced at $135 per share, the IPO values SpaceX at $1.77 trillion, about 95 times its 2025 revenue of $18.7 billion. Starlink, SpaceX's profitable satellite internet segment, supports the valuation, while the AI and Space segments currently operate at losses. Analysts see potential upside but caution on risks; retail investors unable to access the IPO are turning to related space stocks like AST SpaceMobile and Rocket Lab. New index inclusion rules may also drive passive fund inflows post-IPO, impacting market dynamics.