SpaceX IPO Poses Existential Threat to AST SpaceMobile, Verizon, and AT&T
2026-02-14 06:26:00 ET
Sometime in 2026, Elon Musk will hold an initial public offering (IPO) for SpaceX.
We don't know precisely when the IPO will happen. But it's becoming increasingly clear that when SpaceX does IPO , it's going to be bad news for basically everyone with whom SpaceX competes.
Who will become the next victims of Elon Musk? Rival rocket companies United Launch Alliance (ULA) and Rocket Lab in the U.S., and Arianespace in Europe, are all obvious targets. The biggest name in space launch already, SpaceX will become even more formidable once it has a $1.5 trillion IPO valuation to work with. Just the $50 billion in new cash that SpaceX is rumored to be raising would be 30% more than Rocket Lab's entire market capitalization -- and 4 times all the revenue that ULA co-owner Lockheed Martin generates from its space business in a year.
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