SpaceX is reportedly targeting a staggering $1.77 trillion valuation in what could become the largest IPO in history.
And if you look closely...
There's a lesson hidden inside that number.
It reimagined what they could be.
That's what created so much value.
That's a big reason why investors are paying so much attention to Mode Mobile.
Because Mode isn't trying to build another smartphone.
It's reimagining what a smartphone can be.
For decades, phones have been an expense.
Mode's EarnOS platform turns them into an earning asset.
Users earn rewards for things they already do every day:
Listening to music
Playing games
Browsing apps
Charging their phones
That idea has already helped Mode reach:
✓ 490M+ users
✓ $115M+ lifetime revenue
✓ $1B+ earned & saved by users
✓ Operations across 170+ countries
And now that the company has its Nasdaq ticker ($MODE) locked in, attention has picked up even more.
Fortunately, investors can still get Mode Mobile shares for just $0.52 (plus up to 20% bonus shares).
SpaceX became valuable by changing how people think about an existing product.
Mode is doing something similar with smartphones.
Next–gen tech is getting rewarded by the market right now, and the largest opportunities are before it hits Wall Street.
Is Mode next?
SpaceX Went From $27M to $1.77T
SpaceX prices its shares tomorrow night and starts trading Friday on the Nasdaq under the ticker SPCX.
The share price is expected to be $135. That works out to roughly a $1.77 trillion valuation — the largest IPO in history.
Today, I want to share the 24-year arc that got SpaceX to this moment.
When Elon Musk founded the company in 2002, early reports valued it around $27 million. The first three Falcon 1 rockets failed. The fourth reached orbit in 2008 — and that single success likely saved the company from bankruptcy.
By 2010, SpaceX was worth about $1 billion. And in 2015, after a round led by Google and Fidelity, it was around $12 billion.
Then Starlink changed everything. The satellite internet business became the revenue engine. The valuation went to $137 billion by 2023.
A secondary stock offering last December put it near $800 billion. And now the IPO lands at $1.77 trillion.
Here's the math that matters.
Someone who backed SpaceX near that early $27 million mark — and held — saw their stake multiply tens of thousands of times over. Even an investor who came in at the $1 billion valuation in 2010 is looking at well over a 1,000x return.
The IPO buyer on Friday gets none of that. They inherit the rich IPO price tag.
That's the lesson I come back to again and again. The largest gains are often earned before a company goes public. The IPO is when the early investors lock-in their gains.
That’s why I like to consider investing in private companies – before they go public.
Here’s one Pre-IPO that you may want to check out.
Ian Wyatt
Editor, IPO Watch
|