All articles tagged with #spacex ipo
U.S. stock futures slipped as geopolitical tensions with Iran contributed to higher oil prices and yields, with the S&P 500 and Nasdaq retreating and Broadcom and CrowdStrike dragging on earnings; meanwhile SpaceX priced its IPO at $135 per share (valuing the company at about $1.75 trillion) and energy stocks led gains as other sectors lagged.
With SpaceX’s IPO anticipated on June 12 and PwC forecasting a $2 trillion space economy by 2040, AST SpaceMobile (ASTS) and Intuitive Machines (LUNR) stand out. ASTS aims to provide direct-to-cellular broadband from large LEO satellites and has deals with AT&T, Verizon, and Vodafone, planning 45–60 satellites this year despite a setback from Blue Origin’s New Glenn. LUNR is a vertically integrated space contractor winning major government contracts (SDA and NASA CLPS), lifting Q1 revenue to $186.7 million and carrying a backlog over $1.1 billion, signaling strong near-term revenue potential.
SpaceX is preparing for its IPO with potential retail allocations reportedly up to 30%. Access is outlined for platforms like Robinhood, SoFi, and E-TRADE (as well as Schwab and Fidelity), with varying requirements (COB/IOI, eligibility questionnaires, and minimum balances). Allocation is not guaranteed due to expected high demand, while Goldman Sachs leads and Morgan Stanley is a key co-manager; BlackRock is considering a multi‑billion-dollar investment.
SpaceX’s planned $75 billion IPO, with a valuation well above $2 trillion, could tempt some Tesla holders to shift funds but is unlikely to meaningfully derail Tesla. Investor demand for SpaceX is high, but tech IPOs at 80x+ sales can retreat about 50% over three years. Meanwhile, Tesla’s stock is seen as more influenced by AI progress, its robo-taxi rollout, and the new Optimus robot, making the SpaceX IPO a potential headwind rather than a crash for Tesla.
Retail investors are flocking to space-focused exchange-traded funds ahead of SpaceX’s planned IPO, with several funds highlighted as top picks for exposure to space-related hardware, satellite communications, and space-tech firms.
SpaceX has confidentially filed for an IPO targeting a valuation above $2 trillion, a move that could reprice the entire space economy. Morgan Stanley’s Space 60 identifies six infrastructure-focused winners tightly tied to the orbital economy: Rocket Lab, AST SpaceMobile, Planet Labs, Intuitive Machines, Redwire, and BlackSky. Among them, Rocket Lab is highlighted as the standout due to its vertical integration across launch vehicles, spacecraft systems, and orbital infrastructure. The SpaceX listing is expected to boost demand for space-infrastructure plays—connectivity, Earth observation, lunar delivery, and related services—more than diversified aerospace names.
Rocket Lab shares jumped roughly 9% as space-related stocks rallied on policy support for space nuclear power, SpaceX IPO excitement, and NASA’s Artemis II milestone, signaling broad momentum for launch services and space infrastructure.
Ross Nordeen, the last remaining cofounder of Elon Musk's xAI, has left the company as Musk reorganizes xAI ahead of SpaceX's planned IPO. Nordeen served as Musk's right-hand operator and helped coordinate priorities across the company; his departure follows a wave of leadership exits since SpaceX acquired xAI and Musk said the unit is being rebuilt from the foundations up. The reshuffle coincides with ongoing hiring and restructuring, including new senior recruits from Cursor, as xAI pursues growth in a sector valued around $250 billion.
Elon Musk's net worth has reached an estimated $600 billion, driven by his stakes in SpaceX, Tesla, and xAI, with SpaceX preparing for an IPO at a valuation of $800 billion, which could boost his wealth further to around $677 billion.