SpaceX Will Be the Most Valuable Company in the World, According to Elon Musk

Elon Musk stated that SpaceX will become the most valuable company in the world in the future, despite fluctuations following its historic initial public offering and a loss of market value exceeding one trillion dollars.

Historic IPO and Loss of Value

In early June, SpaceX began trading on the Nasdaq exchange at $150 per share. Reaching a market value of $2.1 trillion by the end of its first trading day, the company entered the ranks of the world's most valuable companies. However, the shares experienced a sharp decline after hitting a peak of $225.64 four days after the IPO.

Major Fluctuations in Market Value

By the end of July, the shares dropped as low as $108, causing more than a trillion dollars to be wiped from SpaceX's market value. As of the end of August, the company's shares are trading at approximately $138.

Expanding Structure and Integration

Prior to the IPO, SpaceX integrated xAI into its structure, combining rockets, Starlink, the X platform, and the generative artificial intelligence model named Grok into a single vertically integrated structure. This move became part of a significant transformation in the company's strategic goals.

Financial Performance and Revenues

SpaceX generated a total revenue of $18.7 billion in 2025 while reporting a loss of $4.9 billion. Connectivity services, led by Starlink, were the only profitable segment, generating $11.4 billion in revenue and $4.4 billion in operating profit.

Results for the Early Period of 2026

In the first quarter of 2026, the company generated approximately $4.7 billion in revenue and posted a net loss of $4.3 billion. In the second quarter, revenues rose by 92 percent year-over-year to $7.8 billion, while net losses fell to $541 million.