SpaceX IPO Concerns Are Exaggerated, But AI Investments Are Significant

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SpaceX is preparing for its initial public offering (IPO), projected to raise approximately $75 billion, making it the largest IPO in history. Although concerns about potential market disruption have emerged, analysts note that this amount is manageable within the context of daily trading volumes on U.S. exchanges, which can exceed $1 trillion. For comparison, companies like Anthropic and OpenAI have raised significant funds without major market upheaval.

As part of its IPO process, SpaceX will be included in the Nasdaq index after a 15-day period, bypassing the usual waiting time, while the S&P 500 requires a minimum 12-month seasoning period and profitability before inclusion. Importantly, SpaceX identifies itself as an AI company, projecting a total addressable market of $28.5 trillion, with $26.5 trillion linked to enterprise AI, significantly outpacing its space-related business segment.

Historically, high-profile IPOs can experience volatility post-listing, as seen with Meta Platforms, which saw a nearly 50% drop within six months of its debut. Analysts suggest that potential investors could benefit from patience, anticipating a possible 30–40% pullback in SpaceX’s stock over the next year amid ongoing developments in AI infrastructure and enterprise-scale adoption.

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