SpaceX

Aerospace & DefensePre-IPO

$400B–$450B•2.1K investors watched this week

Valuation Trend

+12.1% 30d

429B+11.0

Secondary price range

$165–$182 / share

Implied valuation

$400B–$450B

Discount to last round

-4.0%

AI Summary

3–5 lines

Secondary prints imply improving clears and modest premium to the last indicated range. Demand is concentrated among late-stage growth funds and family offices seeking space + defense exposure.

• Starlink subscriber growth remains the primary valuation driver

• Secondary liquidity tightening; blocks clearing faster than 90 days ago

• Defense tailwinds: satellite + launch capacity increasingly strategic

Risk Summary

compressed

• Regulatory + geopolitical headline risk

• Launch cadence volatility; execution risk spikes around new vehicle cycles

• Secondary price dispersion widening across brokers

Risk posture

monitor

Tight terms + information rights matter more than entry price on longer lockups.

Investor Demand

87/100

Demand87

Supply31

Interprets the secondary tape: inquiries, clears, dispersion, and time-to-fill.

Allocation (demo)

disabled

Target ticket

$50,000

Suggested: split into 2–3 tranches to reduce price dispersion.