SpaceXISO/NSO
SpaceX equity calculator: option value at $350B+ valuation
Calculate your SpaceX option value using secondary market data from Forge. Enter your shares, strike, and vesting status — SpaceX's Starlink revenue and IPO expectations are modeled in.
SpaceX — current market snapshot
Last primary round
$1.3T
xAI Merger (all-stock) · 2026-02
Secondary market
$1.5T
+18% vs primary · Hiive · 2026-06
Annual revenue (ARR)
$15.5B
+50% YoY
Equity type
ISO/NSO
Strike: $175–$215
Key things to know
- →SpaceX grants ISOs and NSOs with strike prices typically $75–$220 depending on grant year.
- →Secondary market implies ~$390B — above the $350B last primary round.
- →Starlink IPO (not SpaceX itself) is widely expected as the first liquidity event.
- →High illiquidity discount applied — SpaceX has no near-term IPO plans for the parent company.
Open the calculator
Enter your actual shares, equity type, and strike price. PrivatePulse uses secondary market data and four independent valuation methods to give you a defensible range.
Calculate my SpaceX equity →Free · No account required · Takes 2 minutes
Liquidity outlook for SpaceX
IPO highly anticipated, likely 2026–2027 given massive scale. One of the most closely watched pre-IPO names in tech.
As an option holder, you'll need to exercise your ISO/NSO to own shares. Strike price, exercise cost, and tax treatment (ISO vs NSO) all matter. Model carefully with a CPA.
Frequently asked questions
What is my SpaceX equity worth right now?↓
SpaceX's xAI Merger (all-stock) (2026) valued the company at $1250B. Secondary market data (Hiive, Forge, Caplight) gives a live read on implied valuation — PrivatePulse tracks this and updates every week. Gross value per option = (secondary share price − your strike price). Multiply by your vested count, then subtract taxes. The PrivatePulse calculator handles all of this automatically.
When will SpaceX go public or offer liquidity?↓
SpaceX is at $1250B and widely considered a near-term IPO candidate. An offering could arrive in 2026–2027 depending on market conditions. Tender offers have provided partial liquidity while employees wait.
What is the SpaceX strike price for employee options?↓
Strike prices at SpaceX vary by grant year and cohort. Recent grants typically carry strikes in the $28–$215 range per share. Your grant agreement shows your exact 409A strike. With SpaceX now implying ~$1250B, the intrinsic value per option is (current secondary price per share − your strike); enter your numbers in the PrivatePulse calculator to see the full picture including AMT and vesting schedule.
What's the difference between SpaceX ISOs and NSOs?↓
SpaceX typically grants a mix of Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs). ISOs: exercised spread is not taxed as income — instead it creates an AMT preference item. Long-term capital gains treatment is available if you hold shares 2 years from grant and 1 year from exercise. NSOs: exercised spread is ordinary income immediately — simpler but less tax-efficient. Both types require payment of the strike price to exercise. Use the PrivatePulse calculator to model the after-tax outcome under ISO vs NSO treatment at the current $1250B implied valuation.