SpaceX IPO Could Reach $1.75 Trillion Valuation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2026
0mins
Source: Yahoo Finance
- IPO Valuation Outlook: SpaceX is expected to go public this summer with a valuation potentially reaching $1.75 trillion, making it one of the largest IPOs in history and drawing significant investor attention.
- Retail Investor Opportunity: Up to 30% of shares will be reserved for smaller retail investors, allowing millions to participate in SpaceX stock, thereby increasing public interest in the aerospace sector.
- Impact on Nuclear Stocks: The SpaceX IPO is likely to spotlight companies like NuScale Power, particularly its small modular reactor (SMR) technology, which could be key in addressing the energy-intensive challenges faced by the AI industry.
- Market Focus Shift: While SpaceX's orbital data center plans face technological hurdles, its IPO will spark widespread discussions on energy solutions, potentially driving NuScale's expansion of SMR capabilities in the U.S. market.
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Analyst Views on SMR
Wall Street analysts forecast SMR stock price to rise
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 13.950
Low
18.50
Averages
32.77
High
60.00
Current: 13.950
Low
18.50
Averages
32.77
High
60.00
About SMR
NuScale Power Corporation is a provider of proprietary advanced small modular reactor (SMR) nuclear technology. The NuScale Power Module, the Company's SMR technology, is a small pressurized water reactor that can generate approximately 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations of up to 924 MWe (12 modules) of output. In addition to the sale of NPMs, it offers a diversified suite of services throughout the development and operating life of the power plant. The Company's suite of services is planned to include licensing support, testing, training, fuel supply services and program management, among others. It serves a range of customers consisting of domestic and international governments, utilities, state-owned enterprises and technology and industrial companies in need of carbon-free, reliable energy.
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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- Project Financing Uncertainty: NuScale Power's two major projects, a 6-gigawatt system in the U.S. and a 462-megawatt system in Romania, have not yet entered the construction phase, and the lack of financing decisions has led the market to price the stock at a discount due to significant uncertainty about their future viability.
- Future Announcement Expectations: NuScale is expected to release its next earnings report in August, with the November report being the last major opportunity for management to update the project pipeline, creating anticipation in the market, particularly regarding the collaboration with Romania's Nuclearelectrica.
- Romania Project Progress: Romania's Energy Minister stated that the final investment decision for the Doicești SMR project marks the transition from analysis to implementation, with plans to replace 600 megawatts of old thermal power with 462 megawatts of clean energy, highlighting the country's leadership in the new European nuclear industry.
- TVA Project Outlook: The project with the Tennessee Valley Authority is viewed as more significant, with management expressing hope to finalize a binding power purchasing agreement (PPA) this year, which would pave the way for construction and potentially lead to a major announcement in the November earnings call.
See More
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- Future Announcement Timing: NuScale is set to release its next earnings report in August, followed by a significant announcement in November, which may provide crucial updates on its project pipeline, particularly regarding the collaboration with Romanian nuclear operator Nuclearelectrica, although no major progress is expected this year.
- Power Purchase Agreement Progress: The project with the Tennessee Valley Authority (TVA) is considered more critical, with management expressing hope to finalize a binding power purchase agreement (PPA) this year, which would pave the way for construction and significantly enhance the company's market position if successful.
- Decreased Market Attention: Despite management's comments on a “quieter quarter” in terms of announcements during the latest earnings call, investors should remain vigilant regarding NuScale's future developments, especially with the upcoming earnings report that may reveal positive news about project advancements.
See More
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- Surging Market Demand: The International Energy Agency projects a 40% to 50% increase in global electricity demand by 2035, driven by AI data centers and industrial growth, propelling next-generation energy projects like General Fusion into the public markets.
- Concrete Transaction Details: General Fusion's business combination with Spring Valley Acquisition Corp. is expected to achieve a pro-forma equity value of approximately $1 billion, including a $107.7 million oversubscribed private placement from institutional investors, highlighting strong market interest in fusion energy.
- Clear Use of Funds: General Fusion has raised over $400 million to date, intending to utilize these proceeds to advance its Lawson Machine 26 (LM26) demonstration program, marking a significant step towards commercialization.
- Enhanced Industry Presence: CEO Greg Twinney and his team will participate in several investor and industry conferences throughout June, signaling the company's transition from a private research entity to a public company, which is expected to further elevate its market visibility.
See More
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- Project Financing Uncertainty: NuScale Power's two major projects, a 6-gigawatt system in the U.S. and a 462-megawatt system in Romania, have not yet entered the construction phase, and the lack of financing decisions has led the market to price the stock at a discount due to significant uncertainty about their future viability.
- Future Announcement Expectations: NuScale is expected to release its next earnings report in August, with the November report being the last major opportunity for management to update the project pipeline, creating anticipation in the market, particularly regarding the collaboration with Romania's Nuclearelectrica.
- Romania Project Progress: Romania's Energy Minister stated that the final investment decision for the Doicești SMR project marks the transition from analysis to implementation, with plans to replace 600 megawatts of old thermal power with 462 megawatts of clean energy, highlighting the country's leadership in the new European nuclear industry.
- TVA Project Outlook: The project with the Tennessee Valley Authority is viewed as more significant, with management expressing hope to finalize a binding power purchasing agreement (PPA) this year, which would pave the way for construction and potentially lead to a major announcement in the November earnings call.
See More
NuScale Power's Project Pipeline Outlook
- Financing Uncertainty: NuScale Power's two major projects, a 6-gigawatt nuclear system in the U.S. and a 462-megawatt system in Romania, have not yet entered construction and are still awaiting financing updates, leading to a discounted stock price reflecting significant uncertainty about the future of these small modular reactor (SMR) systems.
- Future Announcement Timing: NuScale is set to release its next earnings report in August, followed by a significant announcement in November, which may provide crucial updates on its project pipeline, particularly regarding the collaboration with Romanian nuclear operator Nuclearelectrica, although no major progress is expected this year.
- Power Purchase Agreement Progress: The project with the Tennessee Valley Authority (TVA) is considered more critical, with management expressing hope to finalize a binding power purchase agreement (PPA) this year, which would pave the way for construction and significantly enhance the company's market position if successful.
- Decreased Market Attention: Despite management's comments on a “quieter quarter” in terms of announcements during the latest earnings call, investors should remain vigilant regarding NuScale's future developments, especially with the upcoming earnings report that may reveal positive news about project advancements.
See More
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- S&P 500 Streak at Risk: The S&P 500 fell on Wednesday, jeopardizing its nine-week winning streak, and if it finishes higher this week, it would mark its longest winning streak since 1985, indicating fragile market sentiment.
- Apple's Price Challenge: Apple is on track for its 11th consecutive positive week, which would be its longest winning streak since November 2004, reflecting high investor interest in its future performance amidst market volatility.
- Nvidia's Underperformance: Over the past 60 trading days, the iShares Semiconductor ETF surged over 82%, while Nvidia only gained 16%, creating a record 65-percentage-point gap, highlighting Nvidia's relative weakness in the semiconductor market.
- Private Equity Turmoil: Private equity stocks plummeted after Partners Group reportedly capped investor withdrawals, with KKR, Blackstone, Carlyle Group, and Blue Owl losing over a quarter of their market value this year, reflecting declining confidence in the private equity sector.
See More
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- ETF Decline: The Global X Uranium ETF fell approximately 5.7% during Wednesday afternoon trading, indicating weak market sentiment towards uranium-related assets, which could negatively impact investor confidence and lead to capital outflows.
- Weak Individual Stocks: Within the ETF, shares of Nano Nuclear Energy dropped about 15.4%, while Nuscale Power fell approximately 12.7%, reflecting a pessimistic outlook on these companies' prospects, potentially affecting their financing and development plans.
- Increased Market Volatility: The decline of the uranium ETF, combined with overall market fluctuations, may prompt investors to reassess their investment strategies in the nuclear energy sector, thereby impacting the stock performance of related companies.
- Shifting Investor Sentiment: Given the poor performance of the uranium ETF, investors might shift towards other more attractive investment options, which could negatively affect the long-term growth potential of the uranium industry.
See More
General Fusion Plans Public Listing with Approximately $1 Billion Transaction
- Surging Market Demand: The International Energy Agency projects a 40% to 50% increase in global electricity demand by 2035, driven by AI data centers and industrial growth, positioning General Fusion favorably in the evolving energy landscape.
- Clear Transaction Details: The business combination with Spring Valley Acquisition Corp. III implies a pro forma equity value of approximately $1 billion, including a $107.7 million oversubscribed private placement from institutional investors, reflecting strong market interest in fusion energy.
- Defined Use of Funds: General Fusion has raised over $400 million from institutional investors and government grants, intending to utilize these proceeds to advance its Lawson Machine 26 (LM26) demonstration program, marking a significant step towards commercialization.
- Active Industry Engagement: General Fusion plans to participate in several investor and industry conferences throughout June, signaling its transition from a private research entity to a public company, with an anticipated Nasdaq listing in mid-2026 to enhance its market visibility.
See More
General Fusion Plans IPO with Approximately $1 Billion Transaction Value
- Surging Market Demand: The International Energy Agency projects a 40% to 50% increase in global electricity demand by 2035, driven by AI data centers and industrial growth, propelling next-generation energy projects like General Fusion into the public markets.
- Concrete Transaction Details: General Fusion's business combination with Spring Valley Acquisition Corp. is expected to achieve a pro-forma equity value of approximately $1 billion, including a $107.7 million oversubscribed private placement from institutional investors, highlighting strong market interest in fusion energy.
- Clear Use of Funds: General Fusion has raised over $400 million to date, intending to utilize these proceeds to advance its Lawson Machine 26 (LM26) demonstration program, marking a significant step towards commercialization.
- Enhanced Industry Presence: CEO Greg Twinney and his team will participate in several investor and industry conferences throughout June, signaling the company's transition from a private research entity to a public company, which is expected to further elevate its market visibility.
See More
