Tesla Inc. (NASDAQ:TSLA) bull Dan Ives expects the electric vehicle company to reach a market capitalization of $2 trillion to $3 trillion over the next two years. The Wedbush analyst believes a SpaceX IPO won't hurt Tesla and could instead expand the Elon Musk ecosystem.

Ives on SpaceX IPO

SpaceX could go public in 2026 at a $1.5 trillion valuation. The highly anticipated offering could give investors another way to invest in Tesla CEO Musk, who also leads SpaceX.

Wedbush analyst Dan Ives provided additional details on the potential SpaceX IPO during an interview with CNBC.

"I think the time is right," Ives said of SpaceX's potential 2026 IPO.

Ives said that an argument could be made that the offering comes due to an increased valuation in the space company. The analyst also said the offering could come during the early innings of an eight-to-10-year AI Revolution.

"SpaceX is an inflection point. I think it's important to go public."

Ives said SpaceX could be one of many great private companies to go public due to the ...