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SpaceX set to surpass Tesla with $1.75T valuation at IPO, dominating rocket and satellite markets.

Market News
12 Jun 2026
24/7 Wall Street
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Bearish
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SpaceX plans to go public with a valuation of $1.75 trillion, surpassing Tesla's $1.5 trillion market cap. Despite Tesla's strong position in electric vehicles and $95 billion revenue, SpaceX dominates 90% of the global enterprise rocket market and is expanding its Starlink satellite internet business. However, SpaceX's AI venture xAI is lagging behind competitors and may impact profits. Tesla faces challenges from Chinese EV maker BYD and struggles with aging models and market share declines in the US and EU. SpaceX's strong market position contrasts with Tesla's uncertain future, especially as Musk's ambitious Robotaxi and Optimus projects have yet to prove successful.

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