SpaceX Goes Public with $1.96 Trillion Valuation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Source: Yahoo Finance
- IPO Milestone: SpaceX successfully went public in June 2026, pricing its shares at $135 and raising a record $75 billion, marking the largest IPO in U.S. history and showcasing the company's significant success and influence in the aerospace sector.
- Valuation Surge: Post-IPO, SpaceX's valuation reached approximately $1.96 trillion, placing it among the highest-valued companies globally, reflecting investor confidence in its future in space exploration and artificial intelligence.
- Strategic Partnership: Prior to the IPO, SpaceX secured a multi-year cloud services deal with Google, which not only bolstered its technological infrastructure but also supported future business expansion, demonstrating the company's ongoing commitment to technological innovation.
- Visionary Shift: With a strategic pivot from Mars to building a 'self-growing city' on the moon, SpaceX's transformation is set to further enhance its leadership in space exploration, attracting increased investor interest and support.
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About SPCX
Space Exploration Technologies Corp. designs, manufactures, launches, and operates products and services built on technologies, including rockets and spacecraft. The Company's segments include Space, Connectivity, and artificial intelligence (AI). Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. Its Connectivity segment operates broadband data and communications network powered by approximately 9,600 Starlink broadband and mobile satellites in Low-Earth orbit, delivering connectivity to consumer, enterprises, and government customers over 164 countries, territories, and other markets. In its AI segment, it operates a vertically integrated AI platform spanning its truth-seeking frontier model Grok, AI solutions for consumer and enterprise customers, X-its real-time information, entertainment, and free speech platform and AI computational infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- IPO Plans: DayOne is planning a U.S. initial public offering targeting a valuation of $20 billion; however, MGX may be unwilling to match this price, which could impact the deal's completion, and DayOne may still opt to pursue the IPO independently.
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See More
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- Financial Outlook: Fitch expects SpaceX's EBITDA growth to remain within the management's leverage target of 2x-3x, supported by over $90 billion in liquidity and stable revenue from more than 12 million Starlink subscribers.
- Risk Factors: All agencies highlighted concentrated governance under Elon Musk, execution risks tied to Starship development, and the unprecedented scale of AI infrastructure buildout as potential pressures on the company's credit profile, although deeply negative free cash flow is viewed as elective growth investment rather than a structural weakness.
See More
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- Market Capitalization Boost: With a market cap now exceeding $2 trillion, SpaceX is expected to raise additional capital in the future, creating more business opportunities for its suppliers, particularly as resource sharing with Tesla enhances both companies' market positions.
- Focus on AI Investment: SpaceX claims a total addressable market of $28.5 trillion, with over 90% related to artificial intelligence, indicating a significant increase in spending on AI initiatives to drive advancements in autonomous driving technology, thereby enhancing its competitive edge in future markets.
- Tesla's Strategic Dependence: Tesla's $2 billion investment in xAI and its merger with SpaceX highlight its reliance on SpaceX for autonomous driving capabilities, ensuring that it leverages SpaceX's AI investments to achieve its self-driving goals and maintain a competitive advantage in the emerging robotaxi market.
See More
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- Technological Upgrade Progress: Ethereum is set to undergo the Glamsterdam upgrade in the second half of 2026, which is expected to further enhance network speed and security while reducing transaction fees, thereby increasing its appeal among developers and solidifying its market leadership.
- Historical Upgrade Review: Ethereum completed The Merge upgrade in 2022, successfully transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) model, reducing energy consumption by over 99% and attracting over 232,000 active developers, showcasing its robust ecosystem.
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See More
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- Upgrade History: Ethereum's last major upgrade, The Merge in 2022, transitioned it from a proof-of-work (PoW) to a proof-of-stake (PoS) blockchain, reducing energy consumption by over 99% and attracting more than 232,000 active developers.
- Future Upgrade Outlook: The Glamsterdam upgrade, expected in the second half of 2026, will further enhance Ethereum's speed and security while lowering transaction fees by enabling parallel processing of transaction blocks.
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See More
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- Capital Expenditure Pressure: Mahaney notes that the anticipated $200 billion capital expenditure for both Meta and Amazon could compress near-term free cash flow, but if capital intensity peaks and revisions turn positive, it could provide new growth momentum for both companies.
- Market Reaction Potential: Should Meta adopt a strategy similar to SpaceX by renting out its computing capacity, it could quickly alter market perceptions of its stock, alleviating cash burn and potentially leading to a positive re-rating of its shares.
See More
