SpaceX's (SPACE) Valuation May Exceed $1.75 Trillion by 55%

SpaceX's projected valuation ranges from $1.75 trillion to $2 trillion according to media outlets. However, analyst Nicolas Owens estimates the company's value at about $780 billion, indicating a potential overvaluation of 55%. The AI unit generated $818 million in revenue with a $2.5 billion operating loss in Q1 2026, and incurred capital expenditures of $12.7 billion in 2025. Despite the anticipated inclusion in major market indexes post-IPO, the stock may face challenges after initial mechanical support and could trade at lower levels long-term.