- SpaceX’s IPO launches June 12 as a mammoth $1.77 trillion valuation — selling 555 million shares at $135 each to raise about $75 billion (ticker SPCX).
- The price is highly controversial: 2025 revenue was $18.7B but a $4.94B net loss, Morningstar pegs fair value far lower at $63/share, and the offering is already oversubscribed — expect big first-day swings.
- The deal could reshape the AI infrastructure race — SpaceX rents massive Colossus GPU capacity to Google and Anthropic for multibillion-dollar monthly fees, and some analysts even speculate a post-IPO Tesla merger.
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