SpaceX Set to Trade on Nasdaq with $1.77 Trillion Valuation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Source: NASDAQ.COM
- Record IPO: SpaceX is set to issue approximately 555.6 million shares at $135 each on June 12, aiming to raise $75 billion, which would mark the largest IPO in history, giving it a market valuation of $1.77 trillion and positioning it among the world's most valuable companies.
- Investor Enthusiasm: The prospectus mentions several retail brokerage platforms offering shares at the fixed price, an unusual arrangement for such a large IPO, indicating strong interest from everyday investors, which could drive significant trading activity on the first day.
- Lockup Risk: Approximately 96% of SpaceX's shares are held by insiders and early investors, with future lockup expirations potentially leading to increased volatility in trading; historical trends show that stock prices often drop significantly after lockup periods end, necessitating caution from investors.
- Mixed Financial Performance: While SpaceX's revenue grew 33% year-over-year to $18.7 billion in 2025, it reported a net loss of $4.9 billion primarily due to its AI segment, and at its current valuation, the stock is priced at about 95 times its 2025 revenue, raising concerns about its future profitability.
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Analyst Views on META
Wall Street analysts forecast META stock price to rise
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 567.580
Low
655.15
Averages
824.71
High
1117
Current: 567.580
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
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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- Strong Ad Performance: Despite the increased spending, Meta's advertising business remains robust, with a 19% increase in ad impressions and a 12% rise in average ad prices in Q1, indicating enhanced user engagement and advertisers' willingness to pay more.
- User Engagement Growth: Meta's Instagram Reels saw a 10% increase in user time spent in Q1, while total video time on Facebook rose over 8% globally, demonstrating that the application of AI technology is effectively enhancing user experience and advertising effectiveness.
- Uncertain Future Outlook: Although Meta's P/E ratio stands at about 21 times, reflecting market concerns over investment returns, the company has historically achieved compounded shareholder value through bold investments, suggesting that if revenue continues to grow rapidly, today's stock price may appear cheap in hindsight.
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- Capacity Impact: The 1.6 gigawatts of capacity is sufficient to power 750,000 U.S. homes, indicating Meta's ambition in AI infrastructure development, particularly against the backdrop of tech companies expanding their infrastructures.
- Infrastructure Investment: Meta plans to invest $600 billion by 2028 in building AI-related data centers, demonstrating a long-term commitment to the AI sector while raising investor concerns about the returns on these investments.
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See More
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- Surge in Capital Expenditures: Meta plans to increase capital expenditures to between $125 billion and $145 billion by 2026, nearly doubling from $72 billion in 2025, primarily due to rising component costs, particularly memory prices, raising investor concerns about future profitability.
- Strong Ad Performance: Despite the increased spending, Meta's advertising business remains robust, with a 19% increase in ad impressions and a 12% rise in average ad prices in Q1, indicating enhanced user engagement and advertisers' willingness to pay more.
- User Engagement Growth: Meta's Instagram Reels saw a 10% increase in user time spent in Q1, while total video time on Facebook rose over 8% globally, demonstrating that the application of AI technology is effectively enhancing user experience and advertising effectiveness.
- Uncertain Future Outlook: Although Meta's P/E ratio stands at about 21 times, reflecting market concerns over investment returns, the company has historically achieved compounded shareholder value through bold investments, suggesting that if revenue continues to grow rapidly, today's stock price may appear cheap in hindsight.
See More
Meta Secures AI Computing Power Agreements with Crusoe
- New Agreement Signed: Meta has entered into agreements with data center developer Crusoe to purchase approximately 1.6 gigawatts of computing capacity from two data centers located in Childress, Texas, and Warrenton, Missouri, aimed at meeting the surging demand for artificial intelligence.
- Capacity Impact: The 1.6 gigawatts of capacity is sufficient to power 750,000 U.S. homes, indicating Meta's ambition in AI infrastructure development, particularly against the backdrop of tech companies expanding their infrastructures.
- Infrastructure Investment: Meta plans to invest $600 billion by 2028 in building AI-related data centers, demonstrating a long-term commitment to the AI sector while raising investor concerns about the returns on these investments.
- Hyperion Data Center Construction: Meta is constructing the Hyperion data center in Louisiana, expected to provide 2 gigawatts of capacity with the potential to scale up to 5 gigawatts, further enhancing its competitive edge in AI computing capabilities.
See More
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- Intel's Recovery Momentum: Under CEO Lip-Bu Tan, Intel has exceeded revenue expectations for six consecutive quarters, with Q1 revenue rising 7% year-over-year to $13.6 billion, and its data center and AI segment growing 22% to $5.1 billion, indicating a strengthening competitive position in the AI era.
- Foundry Business Challenges: Despite Intel's foundry business generating $5.4 billion in revenue this quarter, it still faced a $2.4 billion operating loss, with external customers contributing only $174 million, highlighting the need for improved customer acquisition to achieve profitability in a competitive market.
- AMD's Strong Growth Trajectory: AMD's data center segment achieved a record $5.8 billion in revenue in Q1, up 57% year-over-year, while total revenue increased 38% to $10.3 billion, with adjusted earnings per share rising 43% to $1.37, showcasing its robust performance in the AI accelerator market and solidifying its market position.
- Investment Value Comparison: Although Intel's stock has surged over 500% in the past year, its forward P/E ratio exceeds 120, while AMD's is around 73, suggesting that investors may prefer AMD for its faster growth and higher profits, despite both companies facing risks from market volatility.
See More
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- Monitoring Software Deployment: Toronto-Dominion Bank (TD) has implemented the WorkiQ monitoring software within its financial crimes and risk management team to enhance productivity, despite employee concerns regarding privacy and consent, highlighting the tension between efficiency gains and employee trust.
- Privacy Protection Measures: TD asserts that the tool will not listen to conversations during meetings but will track employee activity on browsers and internal chat applications, aiming to assist managers in better managing workflows and team performance, although employees still express concerns about data usage transparency.
- Employee Feedback and Reactions: During a team call, approximately 90 to 100 employees raised questions about the monitoring tool's implications for performance management, indicating a resistance to the company's surveillance measures and a desire for greater transparency in the work environment.
- Industry Trends: TD's approach mirrors monitoring practices at other financial institutions like JPMorgan, reflecting the complex balance in the finance sector between enhancing employee productivity and safeguarding employee privacy, which could impact morale and corporate culture.
See More
Broadcom's Rapid Growth in the AI Market
- Surge in AI Chip Sales: In fiscal 2025, Broadcom's AI chip sales soared by 65% to $20 billion, accounting for 31% of its total revenue, with projections indicating this could rise to at least $100 billion by fiscal 2027, representing over 58% of revenue, highlighting its robust growth potential in the AI sector.
- Rising Customer Demand: As the AI market expands, Broadcom's hyperscale customers are expected to ramp up chip purchases, enabling them to reduce infrastructure costs by installing more custom ASICs, thereby decreasing long-term dependence on Nvidia and enhancing competitive positioning.
- Diverse Product Portfolio: Broadcom also offers a wide range of non-AI chips across mobile, data center, and networking sectors; while these segments are not growing as rapidly, bundling products can lock in customers and widen its competitive moat across various markets.
- Attractive Investment Value: Analysts forecast Broadcom's revenue and EPS to grow at CAGRs of 53% and 66% from fiscal 2025 to 2028, yet it trades at just 25 times next year's earnings, indicating a compelling investment opportunity relative to its growth rate in the booming AI market.
See More
Trillion-Dollar Market Cap Club Expands
- Market Expansion: The number of companies with trillion-dollar market caps has grown to about 20, reflecting the significant impact of AI spending on the market; while most companies have limited growth potential, some smaller firms exhibit greater upside.
- Sandisk Performance: Sandisk's stock has surged nearly 800% in 2026, and while another such gain is unlikely, its forward P/E ratio is expected to drop to 11.5 by fiscal 2027, suggesting a potential tripling of stock price if earnings triple as anticipated, indicating strong investment potential.
- Nebius Growth Potential: Nebius's stock has risen 210% in 2026, with projected revenue growth rates of 550% and 225% for 2026 and 2027, respectively, and its focus on AI data centers provides a robust competitive advantage in the market.
- CoreWeave Outlook: Although CoreWeave has underperformed this year with a 50% increase, its rapid expansion to meet demand from AI hyperscalers and a revenue backlog nearing $100 billion signal strong growth potential, with expected revenue growth rates of 147% and 97% for 2026 and 2027, respectively.
See More
