Early investor Justin Fishner-Wolfson said SpaceX has consistently met its goals as the company prepares for an expected public offering in June 2026 [4].

The transition to a publicly traded company would open one of the world's most valuable private aerospace firms to retail investors. This move comes as the company seeks to scale its operations and fund ambitious interplanetary goals.

Speaking on CNBC Television's "Money Movers" program on May 21, Fishner-Wolfson, the founder and managing partner at 137 Ventures, said the company is reliable. "If you look at the company's history, they have always delivered," Fishner-Wolfson said [1].

Financial projections for the company show a complex balance sheet. Reports indicate a potential IPO valuation of $1.75 trillion [1]. However, the company continues to navigate significant spending to support its growth. Projected revenue for 2025 is $18.7 billion [2], while the projected net loss for the same period is $4.9 billion [3].

Fishner-Wolfson's optimism is rooted in the company's historical performance rather than short-term profitability. The aerospace firm has disrupted the launch market through reusable rocket technology, a key driver of its current valuation.

Retail investors are closely monitoring the timeline for the June debut [4]. The shift from private to public ownership typically requires greater transparency regarding financial losses, and strategic pivots, which may impact how the market views the $4.9 billion projected loss [3].

Fishner-Wolfson said his expectations for the IPO are based on the company's track record of executing difficult technical milestones. This history of delivery serves as the primary argument for the company's high valuation despite current losses.

“"If you look at the company's history, they have always delivered."”

The gap between SpaceX's massive projected valuation and its multi-billion dollar net losses suggests that investors are pricing the company based on future dominance of the orbital economy rather than current earnings. A June IPO would test whether public markets are willing to tolerate high burn rates in exchange for the company's proven ability to execute complex aerospace engineering.