CNBC reports SpaceX has already hit a record-breaking IPO milestone, with potential future corporate consolidations that could further expand its corporate structure.

SpaceX operates on three core lines—space ventures, Starlink satellite internet, and xAI—broadened after Musk merged xAI with SpaceX in February to create a diversified portfolio of ambitious projects.

CNBC valuations place SpaceX at about $1.77 trillion, positioning it as the seventh-most valuable U.S. company and ahead of Tesla.

Westly cautions that pricing the IPO is tricky because SpaceX’s three moonshots are disparate, complicating the valuation.

Former Tesla director Steve Westly argues SpaceX must achieve at least two of its three moonshots to justify a $1.77 trillion valuation amid plans to raise roughly $75 billion by selling 555.6 million shares at $135.

The report points to CNBC’s May and June 2026 coverage and notes discussions about Musk potentially merging Tesla into SpaceX, suggesting broader corporate realignments in Musk’s portfolio.

There is ongoing speculation that a Tesla–SpaceX merger could be “absolutely likely,” though it would bring governance and integration challenges.