SpaceX is going public on June 12, 2026, but the massive IPO is considered controversial. It’s not only about a lot of money, but also about who holds the reins at the end of the day.
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Which company is it about? SpaceX is a private, American aerospace and telecommunications company. The main goal of SpaceX is to drastically reduce transportation costs to space. This is to be achieved with rockets that can be reused instead of having to be built anew every time.
To realize its enormous goals, SpaceX is now preparing for its IPO. On June 12, 2026, at 3 PM, it is supposed to happen. This is expected to be the largest IPO ever. Nevertheless, some observers are critical of this step.
Largest IPO ever, but warning of extreme overvaluation
How much money is involved? In total, it is about a stock volume of over 75 billion dollars. The company’s total valuation is around 1.77 trillion dollars. According to Wallstreet-Online , this is supposed to be the largest IPO ever.
What do critics say? The probably most important point is that SpaceX has been making enormous losses until today and has not made any profits: The losses were estimated to be 4.94 billion US dollars in 2025, with a revenue of 18.67 billion dollars.
This means: SpaceX is making money, but overall does not generate profits. Because the actual rocket business is still making large losses, despite big contracts.
But the criticism goes further. Because even before the IPO, financial analysts warn that SpaceX could be extremely overvalued (via trendingtopics.com). In the end, the company could be worth much less, as the chances seem favorable primarily for the seller and not for the buyer (via finanzen.net).
Another point of discussion is the head of the company: Even after the IPO, Elon Musk is expected to retain more than 80% of the voting rights, which critics see as extremely opaque and concentrated in power.
The fact that the tech billionaire is an overall controversial figure has been reported repeatedly – for example here: Communities on reddit ban links to X after questionable gesture by Elon Musk
A Soyuz rocket recently launched for an eight-month mission to the International Space Station (ISS). Although the flight was successful, a gigantic service platform collapsed into the so-called “Flame Trench” during the launch – thereby crippling Russia’s only launch pad for manned missions: Because someone forgot a 20-ton platform, Russia can no longer send humans into space for the first time since 1961
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