SpaceX Completes Historic IPO
On June 12, 2026, SpaceX (NASDAQ: SPCX) completed the largest initial public offering (IPO) in history, raising approximately $75 billion at a valuation of about $1.75 trillion. At the close of trading, the stock surged 19%, propelling the company’s total value above $2 trillion. This IPO coincided with an unprecedented wave of artificial intelligence spending, with major tech firms expected to invest around $725 billion in capital expenditures this year, marking a 77% increase over the previous year.
Investor sentiment remains divided: on one hand, the IPO’s rich valuation—priced at over 90 times its projected 2025 revenue and with a $4.9 billion net loss—raises concerns about potential market overvaluation. On the other hand, demand for cloud services remains robust, exemplified by Google Cloud’s 63% growth in Q1 2026 and a backlog exceeding $460 billion. Both bulls and bears acknowledge the significant risks and opportunities present in the current landscape driven by AI investments.
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