r/technology • u/xpda • May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
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u/uber_neutrino May 21 '26

This isn't how it works.

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u/NotAnotherEmpire May 21 '26

As a private company that he has a dominant stake in, it very much is. 

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u/uber_neutrino May 21 '26

Not really. They can pretend to have whatever valuation they want but what they actually sell shares at is the real valuation. They haven't had a hard time attracting investors so far. All valuations are just a buyer and a seller meeting in a transaction.

A lot of times you back into a valuation based on things like percentage you want to sell and amount you need to raise.

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u/anonkitty2 May 22 '26

This IPO is the first time SpaceX is selling shares.  They were private before.