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Dec 15, 2025 4:00 PM

Elon Musk Prepares SpaceX IPO Valued At More Than RTX, Boeing, Lockheed Combined

The aerospace and defense industry is likely in for a massive shift in 2026 as SpaceX prepares for a public offering that could fundamentally redefine the sector's hierarchy. 

RTX stock is climbing. See the chart and price action here. 

SpaceX's projected valuation has reached a staggering $800 billion, a figure that eclipses the combined market capitalization of America's six largest defense contractors.

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Here's a look at the Benzinga Pro data: 

RTX Corp. (NYSE:RTX) – market cap of $239.54 billion 

Boeing Co. (NYSE:BA) – market cap of $160.04 billion

Lockheed Martin Corp. (NYSE:LMT) – market cap of $111.13 billion

General Dynamics Corp. (NYSE:GD) – market cap of $90.58 billion

Northrop ...