SpaceX’s record-setting IPO priced at $135; Starlink remains core profit engine as investors weigh $1.77T valuation, AI/telecom
SpaceX has completed a record-breaking IPO, selling ~555.6 million shares at $135—raising about $75 billion and valuing the company at roughly $1.77T. Coverage ahead of the listing frames Starlink as the only clearly profitable business, while highlighting investor concerns: declining average revenue per user as growth shifts to more competitive suburban and city markets.