Wall Street Fears Missing Out as SpaceX IPO Nears

When SpaceX revealed its finances last week, some investors were surprised: the space business was not producing as much revenue or profit as expected, and losses at xAI were large. Still, many plan to buy once the company goes public as soon as next month. The offering could raise more than $50 billion and value SpaceX at more than $1.25 trillion; the company lost $4.3 billion in the first three months of this year.

For many, the deciding factor is Elon Musk’s pull and the fear of missing out. “If you miss SpaceX and it works, that’s when you can get tapped on the shoulder by your boss and say, ‘We need to have a bit of a talk,’” said Renos Savvides. Craig Coben called the momentum “a steamroller,” noting that enthusiasm feeds itself because so many parties need the deal to go well.

Bankers are pushing to marshal retail demand. Bank of America has brought wealthy clients to SpaceX’s Hawthorne campus, and the company has hosted investors at its Starbase site in Texas and at AI facilities in Memphis.

United States, Texas, Memphis, Hawthorne

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