SpaceX IPO at $1.77T valuation; analyst sees 30% revenue growth by 2030

What happened

SpaceX went public on June 12 at $135 per share, debuting at $1.77 trillion（約280兆円） valuation. The stock has since climbed to around $150, though it hit a record high of $225.64 on June 16. CEO Elon Musk claims annual revenue could reach $1 trillion（約160兆円） by 2030, while Wall Street analysts project $330 billion（約53兆円） to $470 billion（約75兆円） for the same year.

Why it matters

SpaceX is valued at 109 times last year's sales, making it expensive relative to its past growth. The company remains unprofitable overall—Starlink's profits do not offset steep losses in space and AI divisions. Investors should note the company recently diluted shareholders with a $60 billion（約9.6兆円） all-stock takeover of Cursor and announced a $25 billion（約4兆円） bond offering despite raising $75 billion（約12兆円） in its IPO.

What to watch

A more realistic 30% CAGR from 2025 to 2030 would boost revenue to $69.4 billion（約11兆円） and market cap to $2.08 trillion（約330兆円） by year-end 2030—a 2% total gain. Analysts recommend waiting for first quarterly reports before investing heavily, as near-term goals rely on hundreds of flawless launches, low interest rates, and strong economic growth.