SpaceX is approaching a public listing with an estimated valuation of $1.75 trillion, potentially the largest IPO in history. The public S-1 filing is expected by late May, with the listing scheduled for late June or early July. This event will disclose SpaceX's launch costs and Starlink economics for the first time, providing a benchmark for the entire space sector. The IPO is expected to force a repricing of publicly traded space companies against SpaceX's financial data. Three stocks are highlighted as key read-through points: Rocket Lab (RKLB), which builds launch vehicles and components; AST SpaceMobile (ASTS), which develops direct-to-cell satellite networks; and Intuitive Machines (LUNR), focused on lunar landers and NASA's Artemis program. Each company's valuation and performance are likely to be compared to SpaceX's disclosed metrics. For investors holding these stocks, the IPO presents both opportunities and risks. Historical patterns, technical indicators, and options data suggest potential volatility around the listing. RKLB shows strong fundamentals but recent profit-taking; ASTS faces technical challenges with satellite launches; LUNR offers a profitability story. Traders should watch key price levels and earnings reports as catalysts.

Key facts

• SpaceX IPO expected late June/early July at $1.75 trillion valuation.
• Public S-1 filing due late May will reveal launch costs and Starlink margins.
• Rocket Lab, AST SpaceMobile, and Intuitive Machines are key comparison stocks.
• RKLB Q1 revenue $200M, backlog $2.2B; stock fell 7% despite beat.
• ASTS satellite launch failure risks year-end constellation target.

KeyAudit data perspective