SpaceX

SpaceX Stock and Valuation

Aerospace & Satellite Internet
By Alex Liu | Last updated: March 2026
Founded
2002
HQ
Hawthorne, CA
Employees
~12,000
CEO
Elon Musk
UpMarket Estimate
$1.45T
Based on UpMarket valuation model
Latest Price
$1.25T
Secondary sale, Feb 2026
Previous Price
$800B
Tender offer, Dec 2025

Want to buy SpaceX stock?

I am an accredited investor and understand UpMarket has a $50,000 minimum.
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SpaceX Trend Score🔥 88.2 Blazing

SpaceX is an aerospace company founded in 2002 by Elon Musk, operating the world's most active rocket launch program and the Starlink satellite internet constellation. The company generated $15.5 billion in 2025 revenue (Sacra), with Starlink contributing $12.3 billion. Valued at $1.25 trillion in a February 2026 secondary sale, with S&P 500 fast-track under consideration (Bloomberg), SpaceX stock is not yet publicly traded. Accredited investors can access SpaceX pre-IPO shares through UpMarket, a FINRA-registered broker-dealer, with a $50,000 minimum investment.

SpaceX Valuation History

EventDatePrice/ShareValuation
Series GJan 2015$77.46$12.0B
Series HNov 2017$169$21.0B
Growth Round2018$186$30.5B
Growth Round2019$214$30.0B
Growth RoundAug 2020$270$44.0B
Growth RoundFeb 2021-$74.0B
Tender OfferOct 2021$560$100.0B
Growth RoundJun 2022-$127.0B
Tender OfferAug 2023$80$150.0B
Tender OfferDec 2023$95$175.0B
Tender OfferSep 2024$112$210.0B
Tender OfferDec 2024$185$350.0B
Tender OfferJul 2025$212$400.0B
Direct SaleDec 2025$421$800.0B
Direct SaleFeb 2026$526.59$1.25T

Source: Sacra. 10:1 stock split in Feb 2022. Pre-split prices adjusted.

SpaceX Revenue and Growth

$1.8B
2016
$1.9B
2017
$2.0B
2018
$2.1B
2019
$1.6B
2020
$2.3B
2021
$4.6B
2022
$8.7B
2023
$13.1B
2024
$15.5B
2025E
51%
2024 YoY Growth
$12.3B
Starlink 2025E
$526.59
Share Price Feb 2026

Source: Sacra. 2025 figures are estimates.

Why Investors Are Watching SpaceX

$1.25T
Latest Valuation
134
Launches in 2024
7,000+
Starlink Satellites
4.6M+
Starlink Subscribers
Featured
S&P 500 Fast-Track Under Consideration
S&P Dow Jones weighing rule changes to speed SpaceX entry after IPO. Would make SpaceX immediately eligible for index inclusion upon listing.
Bloomberg · Mar 12, 2026
Valuation
$1.25 Trillion Valuation
Direct sale Feb 2026 at $526.59/share. IPO reportedly targeting $1.5T valuation.
Sacra
Acquisition
xAI Acquisition
All-stock acquisition at $250B. Combines AI and space for orbital data centers and next-generation compute infrastructure.
Sacra report
Product
Starship V3 First Flight
Targeting mid-March 2026. Unlocks next-gen Starlink, Starshield military contracts, and space data centers.
Sacra
Revenue
Starlink $12.3B Revenue
70% of SpaceX total. United Airlines fleet rollout. 4.6M+ subscribers globally.
WSJ, Forbes
Acquisition
$17B EchoStar Acquisition
Cements Starlink as satellite mobile connectivity leader. Own mobile phone service planned.
Sacra
Contracts
NASA & DoD Contracts
Crew Dragon, Starshield military variant. 66%+ U.S. launch market share.
Sacra
Infrastructure
Space Data Centers
Positioning Starlink as infrastructure for AI inference and training. "CoreWeave of space."
Sacra

Private market investments carry meaningful risks, including illiquidity and possible total loss of capital.

How to Invest in SpaceX Through UpMarket

SpaceX shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.

1
Verify accredited investor status

$200K+ annual income ($300K jointly) or $1M+ net worth excluding primary residence.

2
Create an UpMarket account

Sign up at upmarket.co. Digital process, under 10 minutes. FINRA-registered broker-dealer, 1,000+ investors since 2019.

3
Review available SpaceX offerings

Individualized due diligence, Caplight market data, Sacra research, UpMarket valuation estimate.

4
Complete subscription documents

PPM review, fee analysis, and portfolio-fit evaluation support.

5
Fund your investment

Minimum typically $50,000. Wire or ACH. Monitor via UpMarket portal.

Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.

About UpMarket

UpMarket's mission is to unlock the private markets for individual investors.

We provide access to a range of asset classes and investment strategies that span private equity, hedge funds, crypto, real estate, and other alternative assets.

The problem

Historically, accessing private market investments had these challenges:
  • A large barrier to entry due to high investment minimums
  • Time-intensive because sourcing deals is a lot of work even if you've got a great network, and
  • Costly because of investment-related diligence costs, paperwork, and legal fees

The solution

UpMarket works to address these barriers for individual investors by:
  • Offering lower investment minimums
  • Sourcing and conducting diligence on opportunities for investors, empowering them to pick and choose from pre-screened opportunities
  • Making the investment process entirely digital, straightforward, and easy to manage from a single portal
UpMarket has brokered over $1 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through December 31, 2025. Of the total, approximately $146 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.

UpMarket Investment Curation Process

Upmarket curates and conducts diligence on every investment opportunity we offer.

We review every offering's strategy, risk management, liquidity management, fees and expenses, valuation methodology, tax matters, as well as the fund's third-party providers including legal counsel, auditor, administrator, and custodian.

We aim to offer our clients investments from disciplined managers that pursue unique strategies across an array of asset classes.

Our goal is to empower you to build a portfolio that best meets your individual Investment objectives.

Unlock the private markets today, with UpMarket.

SpaceX Stock FAQ

Is SpaceX publicly traded?
No. As of March 2026, SpaceX is private. IPO expected 2026, with S&P 500 fast-track under consideration. SpaceX stock is available to accredited investors through secondary market platforms like UpMarket.
When is SpaceX going public?
Elon Musk has said after Starship flights become routine. Bloomberg reports the IPO is targeting a $1.5T valuation. S&P 500 fast-track inclusion is being discussed as of March 2026.
What is SpaceX stock price?
Latest secondary: $526.59/share (Feb 2026 per Sacra). At the UpMarket estimate of $1.45T, approximately $608/share (assuming ~2.38B shares post-split).
Who owns SpaceX?
Elon Musk (~42%), Fidelity, Google, Baillie Gifford, Founders Fund, a16z, and employees.
What does SpaceX build?
Falcon 9/Heavy rockets, Dragon crew capsule, Starship (next-gen fully reusable), and Starlink satellite internet (7,000+ satellites, 4.6M+ subscribers).
Can I buy SpaceX shares on UpMarket?
Yes. Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
What are the risks of investing in SpaceX pre-IPO?
Elon Musk key-person risk, launch failures, Starlink competition from Amazon Kuiper and OneWeb, regulatory scrutiny, and illiquidity. No audited public financials. Consult your own advisors before investing.
How do pre-IPO trades work?
Accredited investors purchase from existing shareholders through secondary market platforms. SpaceX does not issue new shares in these transactions.
How do I exit my investment?
Sell on secondary market or hold until IPO/acquisition. Timing is unpredictable.
What is the minimum investment in SpaceX on UpMarket?
The minimum for most SpaceX offerings is $50,000. May vary by offering and share class. No fees to create an account.
How does UpMarket estimate SpaceX's valuation?
Secondary-implied 80.6x on forward revenue, calibrated against recent transaction data. Current estimate: $1.45 trillion. For informational purposes only.
What is SpaceX revenue?
$15.5B in 2025 (Sacra). Starlink contributes $12.3B. 2024 revenue was $13.1B, up 51% YoY.
What is Starlink?
Satellite internet constellation with 7,000+ satellites and 4.6M+ subscribers. $12.3B in 2025 revenue, roughly 70% of SpaceX total. Powers United Airlines in-flight Wi-Fi and serves 100+ countries.
What is Starship?
Next-generation fully reusable rocket. V3 targeting mid-March 2026 for its first test flight. Enables Mars missions, next-gen Starlink deployment, and space data centers.
Who are SpaceX's competitors?
Blue Origin, Rocket Lab (RKLB, $10B cap), ULA, Arianespace for launch. For Starlink: OneWeb, Amazon Kuiper, Viasat.

SpaceX in the News

SpaceX's S&P 500 Entry May Be Fast-Tracked Under Proposed Index Rule Changes
Bloomberg
Mar 12
Why SpaceX Acquired xAI
Sacra
2026
SpaceX at $15.5B/year Growing 18% YoY
Sacra
2026
SpaceX vs Verizon vs AT&T
Sacra
2026
Starlink at $12.3B/year
WSJ, Forbes
2026

SpaceX Leadership Team

Elon Musk
CEO & Founder
Also leads Tesla, xAI. Founded SpaceX in 2002 to make life multiplanetary.
Gwynne Shotwell
President & COO
Runs day-to-day operations. Joined 2002 as VP of Business Development.
Tom Mueller
Co-Founder & Former VP Propulsion
Designed Merlin and Raptor engines. Left 2020.
Kiko Dontchev
VP of Launch
Oversees Falcon 9 launch cadence (134 launches in 2024).
Sara Gould
VP of Starlink
Leads Starlink commercial operations and enterprise partnerships.
Bill Gerstenmaier
VP of Build & Flight Reliability
Former NASA associate administrator. Oversees Starship development.
Key Investors
FidelityGoogleBaillie GiffordFounders Funda16zValor Equity PartnersSequoia Capital

Companies Related to SpaceX

Anduril
Defense Technology
Fellow American Dynamism pre-IPO on UpMarket.
Blue Origin
Aerospace
Jeff Bezos. Primary launch competitor.
Rocket Lab (RKLB)
Small-Sat Launch
$10B cap. Publicly traded launch comp.
ByteDance
Consumer Tech
Another top pre-IPO name on UpMarket.
Tesla (TSLA)
Electric Vehicles
Elon Musk's other company. $800B+ cap.
Planet Labs (PL)
Earth Observation
Publicly traded space comp. Satellite imaging.

Bottom Line: SpaceX Stock

SpaceX has grown from a 2002 startup to the world's most valuable private company, valued at $1.25 trillion in a February 2026 secondary sale (Sacra). The company generated $15.5 billion in 2025 revenue, with Starlink satellite internet contributing $12.3 billion across 4.6 million subscribers.

S&P Dow Jones is considering rule changes to fast-track SpaceX onto the S&P 500 after its IPO (Bloomberg, March 2026). The company acquired xAI in an all-stock deal and is preparing Starship V3 for its first test flight, unlocking next-gen Starlink and space data center capabilities.

Accredited investors can access SpaceX shares through UpMarket, a FINRA-registered broker-dealer that has brokered over $1 billion in alternative investments since 2019. All private market investments involve risk, including potential loss of principal. Past performance is not indicative of future results.

I want to buy SpaceX stock ↑

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The information on this website does not constitute investment advice. The sole basis for the purchase of any securities is the final base sale document. Investors should make their own independent evaluation and analysis, consult financial, tax, investment consultants, etc., and decide whether to invest.

Pro Forma forecasts have been deducted management fees, but may include other fees. Fund returns, dividends and other forecasts are for reference only. Investment returns may be impacted by many uncertain factors. Investors must be willing and able to withstand the risk of potential investment losses.