The chart of the week illustrates SpaceX’s extraordinary rise from a modest $27 million post-money valuation in 2002 to a reported $1.75 trillion pre-IPO valuation by 2026. For many years known as Elon Musk’s other company, after Tesla, the company’s early years were defined by technical risk and limited capital, culminating in key milestones such as the first successful Falcon 9 flight. Investor confidence accelerated after SpaceX demonstrated reusable rocket technology, fundamentally lowering launch costs and reshaping the economics of spaceflight. The valuation trajectory steepened as commercial launch contracts, government partnerships, and recurring mission success validated the business model. Around 2018, major strategic investments from companies such as Google and Fidelity signaled growing institutional belief in SpaceX’s long-term potential. The chart highlights a dramatic surge in value during the Starlink expansion period, when SpaceX began building a global satellite internet network with significant revenue potential. By the early 2020s, SpaceX had evolved from a launch provider into a diversified aerospace and communications company with multiple growth engines. Welcome to the publicly traded markets SpaceX!