# SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation — News, Sentiment & Analysis

**Source:** TrendWatcher — https://www.trendwatcher.in/topic/spacexs-crypto-traded-ipo-was-sharply-falling-it-now-points-  
**As of:** 2026-09-12 (UTC)  
**Sentiment:** neutral (50/100)  
**Sources analysed:** 4

As of 2026-09-12, TrendWatcher scores SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation sentiment as **neutral** at 50/100, based on 4 news sources analysed over the past 24 hours.

## Summary

SpaceX has filed paperwork for an initial public offering on the Nasdaq under the ticker 'SPCX,' with expectations of a valuation reaching $2 trillion. The company reported a $4.9 billion loss on $18.7 billion in revenue for the previous year. The proposed valuation has sparked debate among market observers, with proponents arguing that the price reflects future growth potential in satellite internet, launch services, and orbital compute, while critics contend that the valuation is not supported by current financial fundamentals and remains an outlier compared to existing major public companies.

## Key points

- SpaceX plans to list on the Nasdaq under the ticker 'SPCX' following a $4.9 billion loss on $18.7 billion in revenue last year.
- The company's valuation is primarily driven by its Starlink satellite internet business, which is described as its primary revenue engine.
- Proponents cite the potential for orbital compute and AI integration via the xAI merger as key factors for future growth.
- Critics argue the $2 trillion valuation is not supported by current fundamentals and remains expensive even when accounting for long-term growth projections.
- SpaceX has significantly reduced launch costs since 2008, with further cost reductions expected through the development of a fully reusable Starship.

## Frequently asked questions

### What are the primary business segments driving SpaceX's valuation?

The company's valuation is built on its Starlink satellite internet network, launch services, and emerging interests in orbital compute and AI through its xAI merger.

### Why do some analysts disagree with the expected $2 trillion valuation?

Some analysts, such as David Wagner of Aptus Capital Advisors, argue that the valuation is not supported by current fundamentals and remains significantly higher than the top US public companies even when accounting for long-term growth.

### What role does Starlink play in the company's financial structure?

Starlink is considered the financial engine of SpaceX, generating the majority of current cash flow and funding capital-intensive projects like Starship.

## Latest coverage

- [SpaceX IPO Valuation and Market Debut Expectations](https://www.trendwatcher.in/article/7b0b52c4-df31-4c92-9c32-25cf455a43ab) — neutral, 2026-06-12: SpaceX is set for a June 12 IPO with a projected valuation of up to $2 trillion. Analysts warn that historical trends for mega-IPOs suggest caution.
- [SpaceX IPO Set for Nasdaq Debut Under Ticker SPCX](https://www.trendwatcher.in/article/ab0737b4-51cc-4c12-868f-4e2caa0a035f) — neutral, 2026-06-12: SpaceX is scheduled to begin trading on the Nasdaq this Friday under the ticker SPCX, following a $75 billion initial public offering priced at $135 per share.

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Cite as: TrendWatcher, "SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation — News, Sentiment & Analysis", https://www.trendwatcher.in/topic/spacexs-crypto-traded-ipo-was-sharply-falling-it-now-points- (retrieved 2026-09-12).