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Jun 11, 2026 4:00 AM

SpaceX Asks Investors To Reach For The Stars With A Revenue Multiple Higher Than Nvidia, Apple And Every Mag 7 Member

SpaceX‘s upcoming stock market debut is putting a spotlight on the company’s valuation, with some investors questioning whether its revenue can support one of the richest multiples in the market.

Pricier Than The Magnificent Seven

For all the excitement surrounding what is expected to be the world’s largest IPO on June 12, SpaceX remains a company that has yet to turn a profit. After posting a $4.9 billion loss in 2025, investors are left valuing the company on its revenue generation rather than its earnings power.

Based on the company’s revenue of $18.7 billion in 2025, investors would be paying nearly $93.6 for every dollar of revenue generated by SpaceX, according to a report by The Motley Fool, giving the company a higher revenue multiples than NVIDIA Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO) and every member of the Magnificent Seven.

The valuation towers over Nvidia’s, with investors paying 4.7 times more for each dollar of revenue than they do for one of Wall Street’s most richly valued stocks and the poster child for premium valuations in the AI era.

It is also more than 26 times Amazon.com Inc.‘s (NASDAQ:AMZN) revenue multiple and roughly 6.5 to 9.9 times that of the others in the group, based on market valuations on Thursday.