SpaceX does not have direct competitors, therefore its valuation is subject to different interpretations.

SpaceX is reportedly planning to set its initial public offering price at $135 per share, with a plan to issue 5.556 billion shares and raise $750 billion. Earlier this year, SpaceX merged with Elon Musk's AI startup xAI, valuing the rocket company at $1 trillion, while Grok, a chatbot developer, is valued at $250 billion. The company has no direct peers, so there are different interpretations of its valuation. According to a research report on June 1st, Morningstar values SpaceX at $780 billion, 48% lower than its current private market valuation. Most of its value comes from its Starlink satellite communication business, which contributed the majority of the company's revenue, profits, and growth last year. However, SpaceX has tied most of its future growth prospects to artificial intelligence and a significant portion of its future revenue depends on as yet undeveloped technologies, including solar-powered data centers in space, as the company targets a potential market size of $28.5 trillion.