SpaceX is planning to go public by June, the company confirmed. The private space firm's valuation in the offering is being described as roughly equal to seven years of Hungary's entire gross domestic product — a figure that puts it among the largest IPOs in history.
IPO timeline
SpaceX intends to file its initial public offering paperwork within the coming months, targeting a stock market debut before the end of the second quarter. The company has not yet disclosed the exact number of shares to be offered or the expected price range. Underwriters are expected to be selected soon.
The valuation metric
To put the valuation in perspective, Hungary's GDP was about $180 billion in 2023. Seven years of that output would be well over a trillion dollars. The comparison underscores just how massive SpaceX has become — and how much investors are betting on its future in launch services, satellite internet, and beyond. The company remains privately held, but its valuation in secondary markets has already soared into the hundreds of billions.
SpaceX's IPO will be one of the most anticipated in years. Its last major funding round in late 2023 valued the company at around $180 billion. The IPO valuation target signals that founder Elon Musk and existing shareholders see even more growth ahead — or want to cash out at a peak.
For Hungary, the comparison is a stark reminder of how quickly private space companies have grown. The country's economy, while modest by global standards, is larger than that of many European peers. But it pales next to a single company's market capitalization.
The next step is for SpaceX to file a registration statement with regulators. That document will reveal more details about the company's financials, the number of shares insiders plan to sell, and the final valuation range. Until then, the seven-years-of-Hungary-GDP figure is just a headline — but it's a big one.
