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Starlink subscribers are the secret engine behind SpaceX's $1.75T valuation

Original: SpaceX IPO Could Value Company at $1.75 Trillion After xAI Merger

AI Executive Summary

A deep look at SpaceX's IPO economics: Starlink ended 2025 with 9.2 million subscribers and crossed 10 million in February 2026, with revenue projected to reach $24 billion by year-end. The xAI merger adds AI-infrastructure upside. Up to 30% of shares may go to retail investors.

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