Schwab Network Is SpaceX Worth $2 Trillion? Weighing Hype vs. Reality
Apr 10, 2026
Troy Hooper, Co-head of America's Equity Capital Markets at Merger Market, provides sharp IPO and capital markets perspective. He explores SpaceX’s push for a $2 trillion valuation. He discusses retail outreach and index fast‑track tactics. He contrasts Starlink cash flows with grander space and AI ambitions.
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SpaceX Valuation Far Exceeds Tech Giants
- SpaceX Is Pitched As A Trillion Dollar Future More Than A Traditional IPO.
- Troy Hooper says SpaceX is aiming for a $2 trillion valuation and $75 billion raise, which would price it at ~125x price-to-sales, above the combined Mag 7 multiple.
Aggressive Retail Push And Index Fast Track
- SpaceX Is Actively Engineering Demand With Unusual Retail Focus.
- Hooper notes SpaceX plans a 1,500-investor global retail roadshow and is asking NASDAQ to fast-track index inclusion to force passive buying post-IPO.
Space Data Centers Remain Science Fiction For Now
- The Longer Term Vision Depends On Cost Parity That Doesn't Yet Exist.
- Hooper warns data centers in space sound like science fiction today and could take years or decades before becoming economically sensible versus Earth-based centers.