Stocks to Watch | $135 Per Share of SpaceX’s Historic IPO, Could It Ignite the Next AI & Space Rally — Here’s How Investors Can Still Profit
Space Exploration Technologies SPCX | 0.00 | |
Rocket Lab RKLB | 0.00 | |
Northrop Grumman NOC | 0.00 | |
Lockheed Martin LMT | 0.00 | |
RAYTHEON TECHNOLOGIES CORPORATION RTX | 0.00 |
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SpaceX Set to Unveil IPO Terms This Week
SpaceX is reportedly preparing to release updated IPO documents as early as Wednesday, marking the final step before what could become the largest public offering in history.
According to reports from The Wall Street Journal, Bloomberg, and Reuters, the company is targeting a valuation of $1.75 trillion to $1.8 trillion and plans to raise up to $75 billion by selling less than 5% of its shares. Trading could begin on Nasdaq under the ticker SPCX as early as June 12.
If completed as planned, the deal would easily surpass Saudi Aramco's $29.4 billion IPO record set in 2019.
Key IPO Details
- Target valuation: $1.75 trillion-$1.8 trillion
- Fundraising target: Up to $75 billion
- Expected IPO price: $135 per share (Reuters)
- Shares offered: Less than 5% of the company
- Expected listing date: June 12
- Nasdaq ticker: Space Exploration Technologies(SPCX.US)
- Lead Underwriters: Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, JPMorgan
Scarcity Strategy May Support Demand
Unlike most IPOs, SpaceX plans to sell less than 5% of the company, creating a relatively limited public float.
Bloomberg reported that management intends to conduct a short roadshow before pricing the deal. The combination of a massive valuation and limited share supply is expected to keep investor demand elevated, although it could also contribute to higher post-listing volatility.
Musk Pushes Banks for Ultra-Low Fees
Another notable aspect of the offering is its underwriting structure.
According to Bloomberg, SpaceX is negotiating underwriting fees below 0.75%, significantly lower than the 4%-7% typically charged in major IPOs.
While participating banks could still collectively earn roughly $500 million due to the offering's size, the move may establish a new benchmark for future mega-IPOs and increase pressure on investment-bank margins.
What Supports a $1.8 Trillion Valuation?
Investors are largely betting on three long-term growth engines:
| Business Segment | Investment Thesis |
|---|---|
| Starlink | Global leader in satellite internet and SpaceX's most commercially mature business |
| Starship | Long-term opportunity in launch services, space transportation, and future deep-space missions |
| xAI Integration | Expands SpaceX's exposure to AI infrastructure and data-driven growth themes |
According to company disclosures, SpaceX generated approximately $18.7 billion in revenue in 2025, while reporting a net loss of $4.9 billion as it continued investing heavily in research, infrastructure, and AI-related initiatives.
Potential Impact on the Broader Market
The significance of the IPO extends beyond SpaceX itself.
A successful listing could provide a valuation benchmark for other highly anticipated AI-related IPOs, including Anthropic and potentially OpenAI, both of which are reportedly exploring public-market opportunities.
At the same time, the concentration of large fundraising activities—including Alphabet's recently announced $80 billion equity raise—could test investor liquidity across global equity markets.
Where Could Investors Find Opportunities?
1. Direct Exposure: SpaceX (SPCX)
Investors seeking pure exposure to SpaceX's growth story may attempt to participate in the IPO or purchase shares after listing, though allocations may be limited and volatility could be significant.
2. Passive Funds and Index ETFs
According to TradingKey analysis, SpaceX's enormous market capitalization could eventually qualify it for accelerated inclusion in major indexes such as the Nasdaq-100 and potentially the S&P 500, subject to index rules.
That could benefit passive investment vehicles, including:
3. AI and Infrastructure Beneficiaries
The SpaceX IPO could also drive renewed investor interest across several related industries that benefit from the expansion of AI, cloud computing, satellite connectivity, and space infrastructure.
| SpaceX Theme | Stocks |
|---|---|
| Launch & Space Infrastructure | Rocket Lab(RKLB.US), Northrop Grumman Corp.(NOC.US), Lockheed Martin Corporation(LMT.US), RAYTHEON TECHNOLOGIES CORPORATION(RTX.US) |
| Satellite Internet & Communications | AST SPACEMOBILE INC(ASTS.US), Iridium Communications Inc.(IRDM.US), Globalstar, Inc.(GSAT.US), ViaSat, Inc.(VSAT.US) |
| AI Data Center Buildout | NVIDIA Corporation(NVDA.US), Super Micro Computer, Inc.(SMCI.US), Dell Technologies, Inc. Class C(DELL.US), VERTIV HOLDINGS LLC(VRT.US), Arista Networks Inc(ANET.US) |
| Future AI IPO Beneficiaries | Microsoft Corporation(MSFT.US), Amazon.com, Inc.(AMZN.US), Alphabet Inc. Class A(GOOGL.US), Oracle Corporation(ORCL.US) |
SpaceX's IPO is shaping up to be one of the most important market events of 2026. With a valuation approaching $1.8 trillion, a potential $75 billion fundraising target, and growing connections to both space technology and AI, the company is poised to become a major force in public markets.
For investors, the opportunity may extend beyond Space Exploration Technologies(SPCX.US) itself, potentially benefiting index ETFs, AI infrastructure leaders, and future IPO candidates as the next phase of the AI and space economy unfolds.