SpaceX预计在首次公开募股时将目标估值设定在超过1.5万亿美元，但其财务状况却显著逊于其他美国超大型公司。2025年，该公司营收为187亿美元，亏损高达49亿美元。相比之下，估值区间相近的Meta Platforms, Inc.，去年营收是SpaceX的11倍，利润达到600亿美元。
总体而言，美国前15大公司的估值大约是其营收的7倍。而SpaceX如果最终估值达到1.5万亿美元，其市销率将高达80倍。
另一家拥有超高估值的巨头是马斯克旗下的特斯拉。由于在人工智能、人形机器人生产和机器人出租车服务方面进行了巨额投资，特斯拉在2025年利润微薄，其市盈率接近400倍。
SpaceX和特斯拉的投资者实际上都在押注同一个信念：他们相信马斯克当前的大规模投资能够在未来创造巨大的价值。
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