Stock of the day: SpaceX

(AI video summary)

This video was created on 26 March 2026 for IG audiences by ausbiz.

SpaceX weighs landmark IPO as valuation expectations surge

SpaceX is in focus after reports it may pursue a public listing in the coming months, with estimates suggesting a valuation near US$1.75 trillion. CMC Markets expects the initial public offering (IPO) to raise US$50 billion − US$100 billion, funding expansion in Starlink and broader space‑infrastructure projects. Founded by Elon Musk in 2002, the company recently acquired XII to integrate space and artificial intelligence (AI) capabilities.

Reusable rockets boost long‑term growth potential

Analysts highlighted SpaceX’s success in reusable rockets, a breakthrough that reshaped commercial space economics. The upcoming Block 3 rockets are expected to lift 100 − 200 tonnes into orbit, potentially driving launch costs from around US$1000 per kilogram to roughly US$100. Lower costs could accelerate in‑orbit data processing, hardware deployment and other space‑based services. Starlink, with 10,000 satellites, remains a major contributor to long‑term value.

Investment outlook

A recent pivot by the United States (US) National Aeronautics and Space Administration (NASA) toward lunar‑base development could create further opportunities for SpaceX. Concepts such as data centres in space and lunar manufacturing were viewed as increasingly viable as launch costs fall.

Despite strong enthusiasm, analysts flagged valuation as the key risk. Estimates have climbed from US$1.2 trillion to US$1.75 trillion, prompting concerns about how much future growth is already priced in. Regulatory uncertainty regarding AI and data usage in space also remains unresolved.