SpaceX, the rocket and satellite company led by Elon Musk, is preparing for an initial public offering (IPO) that could set a record with a target valuation of approximately $1.75 trillion. This valuation positions SpaceX to potentially surpass notable IPOs from companies like Alibaba, Visa, and Facebook (Meta Platforms). However, analysts warn that the company's valuation, at about 110 times its trailing sales, reflects aggressive growth expectations that may not be sustainable. The capital-intensive nature of the space industry, alongside regulatory challenges, can impact financial performance. Furthermore, SpaceX has indicated in its IPO prospectus that it does not expect to achieve profitability soon, which could hinder its inclusion in the S&P 500 index. For investors who do not secure shares during the IPO, opportunities to purchase SpaceX stock will arise once it begins trading publicly. However, initial trading may see significant price movements, particularly if demand exceeds supply. Investors can also consider investing in SpaceX indirectly through index funds like the Nasdaq 100, which includes the company due to its rapid entry into the index.