Elon Musk's SpaceX is currently valued at $1.77 trillion as it seeks to raise $75 billion through an IPO, selling shares at $135 each. Steve Westly, a venture capitalist and former Tesla board member, emphasized that SpaceX must successfully execute at least two of its three main business areas—its space operations, the Starlink satellite internet service, and xAI—to maintain this high valuation.
Notably, Starlink is the only profitable segment, contributing significantly to revenue. Westly also mentioned the complexity of pricing the IPO due to the disparate nature of these businesses. Furthermore, there is speculation about a potential merger between Tesla and SpaceX, which could complicate governance and operational dynamics.
Westly indicated that such a merger is likely, suggesting that it could reshape the landscape of both companies significantly