Analysts Flag Valuation Risks Ahead of Proposed $1.75T SpaceX IPO on June 12

SpaceX is expected to begin trading as early as June 12 at a near $1.75 trillion valuation, with more than 555 million Class A shares priced at $135 to raise roughly $75 billion. Analysts point to a proposed ~103x sales multiple and note that the 10 biggest U.S. IPOs have historically lagged the S&P 500 by an average 127 percentage points.