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Jun 10, 2026 4:00 PM

SpaceX Is Targeting A $28.5 Trillion Market — Here's How It Breaks Down

SpaceX has done something no company in history has done: put a number on the largest addressable market ever claimed in an S-1 filing.

The number is $28.5 trillion, roughly equivalent to the entire annual GDP of the U.S., and SpaceX says it is going after all of it.

• TSLA stock is down ahead of the SPCX IPO. See the price action here.

Elon Musk's rocket company is set to go public on Friday under the ticker SPCX, targeting a $1.75 trillion valuation and raising $75 billion, the largest IPO in history.

Dan Ives of Wedbush Securities broke down what investors are actually buying. At $1.75 trillion, SpaceX is not a typical space bet. It is a $28.5 trillion TAM (Total Addressable Market) play.

SpaceX’s TAM Breakdown

SpaceX breaks its market into three verticals: Space, Connectivity and AI.

Space, the core launch and space-enabled solutions business, is, ironically, ...