SpaceX is preparing for an IPO in June, looking to raise between $40 billion and $80 billion. They are targeting a $1.75 trillion valuation. Musk wants to allocate up to 30% of the shares to retail investors, which is much higher than the usual 10%. He also wants the stock added immediately to indices like the Nasdaq-100. Revenue was $16 billion last year. Including the recent merger with X and xAI, they project around $20 billion in sales for 2026. This puts their price-to-sales ratio around 100 at the IPO price. Most IPOs underperform the broader market at first, so it might be safer to keep this on a watchlist and wait for the hype to settle before buying in.