The upcoming SpaceX IPO is touted to be the biggest public offering since Aramco in 2019. However, the more than $1.7 trillion valuation puts it further ahead than some of the biggest companies on the S&P 500 index, operated by the S&P Dow Jones Indices.

SpaceX IPO Is Bigger Than S&P 500 Aerospace Companies

Barron’s, in a report on Tuesday, said that the SpaceX IPO was worth more than all of the 12 aerospace and defense companies listed on the S&P 500 index, including RTX Corp (NYSE:RTX), Boeing Co. (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), GE Aerospace (NYSE:GE) and more.

Read Also:

SpaceX Could Demo Space-Based AI Computing In 2027, Earlier Than IPO Filing Suggested

The report said that the combined valuation of the 12 companies came in at approximately $1.5 trillion, ...