SpaceX IPO: 3 Things Need to Go Right for Investors to Profit

SpaceX is set to go public on Friday at $135 per share in what will be the largest IPO in history, raising roughly $75 billion and valuing the company at $1.77 trillion. While the company has strong revenue growth and unique profitability metrics for a pre-IPO company, investors should be aware of three critical challenges: Starlink must fend off competition from Amazon's Project Leo, the space segment must achieve profitability amid competition from Blue Origin and Rocket Lab, and xAI must continue generating revenue from data center capacity deals. The article warns that IPO stocks are typically volatile and often trade underwater in their first year.