SpaceX IPO Could Become the Largest Ever
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy ASTS?
Source: CNBC
- Positive Market Reaction: Space stocks surged on Wednesday following reports that SpaceX could file for an IPO this week, with Firefly Aerospace rising 14% since its August debut, indicating strong investor interest in the space sector.
- Massive IPO Potential: The highly anticipated SpaceX IPO is expected to raise over $75 billion, potentially becoming the largest IPO in history with a target valuation of $1.75 trillion, reflecting market confidence in its future growth.
- Accelerated Industry Consolidation: SpaceX's acquisition of Musk's xAI last month, valuing the combined entity at $1.25 trillion, highlights its strategic focus on integrating AI and space technologies, which may drive innovation and competition in the market.
- Rising Demand for Space Infrastructure: The space sector is benefiting from increased demand for AI infrastructure and national defense initiatives, despite challenges such as high costs and limited launch availability, suggesting a positive outlook for the industry.
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Analyst Views on ASTS
Wall Street analysts forecast ASTS stock price to rise
8 Analyst Rating
3 Buy
4 Hold
1 Sell
Hold
Current: 87.860
Low
43.00
Averages
91.68
High
137.00
Current: 87.860
Low
43.00
Averages
91.68
High
137.00
About ASTS
AST SpaceMobile, Inc. is engaged in building a global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on its intellectual property (IP) and patent portfolio and designed for both commercial and government applications. The Company is engaged in designing and developing the constellation of BlueBird (BB) satellites and has planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. Its SpaceMobile Service is being designed to provide high-speed cellular broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. The Company intends to continue testing capabilities of the BW3 test satellite, including further testing with cellular service providers and the government. The Company has operations in India, Scotland, Spain, and Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AST SpaceMobile's Satellite Service Prospects Analyzed
- Stock Volatility: AST SpaceMobile's shares have surged over 196% in the past year but have pulled back 37% from a 52-week high, currently trading around $81, reflecting market concerns about its profitability.
- Revenue Growth: The company reported $70.9 million in revenue for 2025, a significant increase from $4.4 million in 2024, although it still faces a net loss exceeding $340 million, indicating both challenges and potential in its business model.
- Satellite Launch Plans: AST plans to launch 45 to 60 satellites by the end of this year, aiming to provide global 4G and 5G connectivity through its low Earth orbit satellites, which is expected to give the company a significant first-mover advantage in the market.
- Government Contract Support: The company secured a $30 million government contract, indicating its technology's potential applications in military communications, which could provide a valuable revenue stream in the future.
See More
AST SpaceMobile Stock Volatility and Growth Potential
- Stock Price Volatility: AST SpaceMobile's shares surged over 196% in the past year and more than 11% so far in 2026, but recently pulled back about 37% due to capital restructuring, indicating market concerns about its future profitability.
- Satellite Launch Plans: The company aims to launch 45 to 60 satellites by the end of 2026, expected to provide coverage for global 4G and 5G smartphones, although it reported a net loss of over $340 million in 2025, highlighting profitability challenges.
- Financing and Capital Structure: AST SpaceMobile raised $3.9 billion through a $1 billion convertible note offering and stock issuance, which increased its share count but raised concerns about future financing needs to support its expansion plans.
- Government Contract Support: The company secured a $30 million contract from the U.S. government, indicating its technology's potential in military communications, opening a new revenue stream, although it faces increasing market competition and must focus on long-term profitability.
See More
AST SpaceMobile's Stock Fluctuations and Growth Potential
- Stock Surge: AST SpaceMobile's shares have soared over 196% in the past year and more than 11% so far in 2026, primarily driven by the launch of its low Earth orbit satellites, which enable global connectivity for 4G and 5G smartphones, significantly enhancing its competitive edge.
- Revenue Growth vs. Losses: Despite reporting $70.9 million in revenue for 2025, a substantial increase from $4.4 million in 2024, the company still posted a net loss exceeding $340 million, highlighting severe profitability challenges ahead.
- Capital Structure Adjustments: In February, the company announced a $1 billion private offering of convertible notes and raised a total of $3.9 billion through direct stock offerings, which, while providing necessary funds, also diluted shares and raised concerns about future capital needs.
- Government Contract Support: AST SpaceMobile secured a $30 million contract from the U.S. government, indicating the dual-use potential of its technology for military communications, thereby opening up a new revenue stream and strengthening its market position.
See More
U.S. Markets Fell on Friday; AST SpaceMobile Suffered the Largest Loss
- Stock Market Decline: U.S. stock indexes experienced a decline on Friday, with the overall market falling by 2.15%.
- Sector Performance: The S&P 500 index decreased by 1.73%, while the Dow Jones Industrial Average dropped by 1.67%.
See More
SpaceX Prepares for IPO, Valuation Could Reach $1.75 Trillion
- Massive Fundraising: SpaceX plans to raise up to $75 billion through its IPO, potentially making it the largest IPO in history with a valuation of $1.75 trillion, surpassing Saudi Aramco's $1.7 trillion market debut in 2019.
- Rapid Revenue Growth: Analysts estimate that SpaceX's revenue doubled from $2.3 billion in 2021 to $4.6 billion in 2022, then surged by 90% to $8.7 billion in 2023, with projections of $13.1 billion in 2024 and $15.5 billion in 2025, indicating a strong maturation of its business.
- Competitive Market Advantage: With major clients like NASA and the U.S. Department of Defense, SpaceX generates most of its revenue from Starlink satellites and launch services, and its scale and market share significantly exceed competitors like AST SpaceMobile and Rocket Lab, reinforcing its leadership in the aerospace sector.
- Strategic Acquisition for Growth: SpaceX's recent acquisition of Musk's smaller AI company xAI, which developed the Grok generative AI platform, is expected to enhance its sales and strengthen its core satellite and rocket businesses, driving future growth potential.
See More
SpaceX Set to File for IPO with $1.75 Trillion Valuation
- IPO Filing Anticipated: SpaceX is reportedly preparing to file for its IPO next week, potentially raising up to $75 billion, which would make it the largest IPO in history, reflecting strong market confidence in its future growth prospects.
- Significant Revenue Growth: Analysts estimate that SpaceX's revenue doubled from $2.3 billion in 2021 to $4.6 billion in 2022, then surged 90% to $8.7 billion in 2023, with projections of $13.1 billion in 2024, indicating rapid expansion and maturation of its business.
- Strategic Acquisition Boost: The recent acquisition of Elon Musk's AI company xAI aims to enhance sales capabilities through the Grok generative AI platform, further strengthening SpaceX's competitive edge in the aerospace sector.
- Valuation Challenges: If SpaceX lists at a $1.75 trillion valuation, it would surpass Saudi Aramco's record $1.7 trillion debut in 2019, but this would imply a staggering 113 times its projected 2025 sales, raising concerns about potential market overheating.
See More
AST SpaceMobile's Satellite Service Prospects Analyzed
- Stock Volatility: AST SpaceMobile's shares have surged over 196% in the past year but have pulled back 37% from a 52-week high, currently trading around $81, reflecting market concerns about its profitability.
- Revenue Growth: The company reported $70.9 million in revenue for 2025, a significant increase from $4.4 million in 2024, although it still faces a net loss exceeding $340 million, indicating both challenges and potential in its business model.
- Satellite Launch Plans: AST plans to launch 45 to 60 satellites by the end of this year, aiming to provide global 4G and 5G connectivity through its low Earth orbit satellites, which is expected to give the company a significant first-mover advantage in the market.
- Government Contract Support: The company secured a $30 million government contract, indicating its technology's potential applications in military communications, which could provide a valuable revenue stream in the future.
See More
AST SpaceMobile Stock Volatility and Growth Potential
- Stock Price Volatility: AST SpaceMobile's shares surged over 196% in the past year and more than 11% so far in 2026, but recently pulled back about 37% due to capital restructuring, indicating market concerns about its future profitability.
- Satellite Launch Plans: The company aims to launch 45 to 60 satellites by the end of 2026, expected to provide coverage for global 4G and 5G smartphones, although it reported a net loss of over $340 million in 2025, highlighting profitability challenges.
- Financing and Capital Structure: AST SpaceMobile raised $3.9 billion through a $1 billion convertible note offering and stock issuance, which increased its share count but raised concerns about future financing needs to support its expansion plans.
- Government Contract Support: The company secured a $30 million contract from the U.S. government, indicating its technology's potential in military communications, opening a new revenue stream, although it faces increasing market competition and must focus on long-term profitability.
See More
AST SpaceMobile's Stock Fluctuations and Growth Potential
- Stock Surge: AST SpaceMobile's shares have soared over 196% in the past year and more than 11% so far in 2026, primarily driven by the launch of its low Earth orbit satellites, which enable global connectivity for 4G and 5G smartphones, significantly enhancing its competitive edge.
- Revenue Growth vs. Losses: Despite reporting $70.9 million in revenue for 2025, a substantial increase from $4.4 million in 2024, the company still posted a net loss exceeding $340 million, highlighting severe profitability challenges ahead.
- Capital Structure Adjustments: In February, the company announced a $1 billion private offering of convertible notes and raised a total of $3.9 billion through direct stock offerings, which, while providing necessary funds, also diluted shares and raised concerns about future capital needs.
- Government Contract Support: AST SpaceMobile secured a $30 million contract from the U.S. government, indicating the dual-use potential of its technology for military communications, thereby opening up a new revenue stream and strengthening its market position.
See More
U.S. Markets Fell on Friday; AST SpaceMobile Suffered the Largest Loss
- Stock Market Decline: U.S. stock indexes experienced a decline on Friday, with the overall market falling by 2.15%.
- Sector Performance: The S&P 500 index decreased by 1.73%, while the Dow Jones Industrial Average dropped by 1.67%.
See More
SpaceX Prepares for IPO, Valuation Could Reach $1.75 Trillion
- Massive Fundraising: SpaceX plans to raise up to $75 billion through its IPO, potentially making it the largest IPO in history with a valuation of $1.75 trillion, surpassing Saudi Aramco's $1.7 trillion market debut in 2019.
- Rapid Revenue Growth: Analysts estimate that SpaceX's revenue doubled from $2.3 billion in 2021 to $4.6 billion in 2022, then surged by 90% to $8.7 billion in 2023, with projections of $13.1 billion in 2024 and $15.5 billion in 2025, indicating a strong maturation of its business.
- Competitive Market Advantage: With major clients like NASA and the U.S. Department of Defense, SpaceX generates most of its revenue from Starlink satellites and launch services, and its scale and market share significantly exceed competitors like AST SpaceMobile and Rocket Lab, reinforcing its leadership in the aerospace sector.
- Strategic Acquisition for Growth: SpaceX's recent acquisition of Musk's smaller AI company xAI, which developed the Grok generative AI platform, is expected to enhance its sales and strengthen its core satellite and rocket businesses, driving future growth potential.
See More
SpaceX Set to File for IPO with $1.75 Trillion Valuation
- IPO Filing Anticipated: SpaceX is reportedly preparing to file for its IPO next week, potentially raising up to $75 billion, which would make it the largest IPO in history, reflecting strong market confidence in its future growth prospects.
- Significant Revenue Growth: Analysts estimate that SpaceX's revenue doubled from $2.3 billion in 2021 to $4.6 billion in 2022, then surged 90% to $8.7 billion in 2023, with projections of $13.1 billion in 2024, indicating rapid expansion and maturation of its business.
- Strategic Acquisition Boost: The recent acquisition of Elon Musk's AI company xAI aims to enhance sales capabilities through the Grok generative AI platform, further strengthening SpaceX's competitive edge in the aerospace sector.
- Valuation Challenges: If SpaceX lists at a $1.75 trillion valuation, it would surpass Saudi Aramco's record $1.7 trillion debut in 2019, but this would imply a staggering 113 times its projected 2025 sales, raising concerns about potential market overheating.
See More
