SpaceX Plans Record $1.75 Trillion IPO Amid Governance Concerns
SpaceX is accelerating its initial public offering on Nasdaq, targeting a historic $1.75 trillion valuation and $75 billion raise under the ticker SPCX. The June 2026 listing aims to fund Starship development and orbital data centers. However, major U.S. pension funds from New York and California strongly oppose the proposed governance structure, citing Elon Musk’s excessive voting control, lack of board independence, and potential conflicts of interest. This tension highlights significant debate over shareholder rights versus management autonomy in one of the largest anticipated market debuts in history.
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Billionaire Ron Baron Invests $1 Billion in SpaceX IPO, Predicts It Will Become the Largest Company on Earth
Billionaire fund manager Ron Baron invested an additional $1 billion in SpaceX during its record-breaking IPO on June 12, 2026, which raised $85.7 billion. Baron Capital already held a stake worth over $25 billion from earlier private investments. Baron predicts SpaceX will become the largest company on the planet, potentially worth $10-30 trillion in 10-15 years, driven by Starlink's projected 300 million subscribers generating $1 trillion in annual revenue and Starship's superior launch capacity. However, the article's author expresses skepticism, noting SpaceX's extreme valuation of 140 times sales and a $4.9 billion net loss in 2025, arguing the hype may be overblown.
Yahoo FinanceBillionaire Ron Baron Bets $1 Billion on SpaceX IPO, Calling It the Future 'Largest Company on the Planet'
The article reports that billionaire fund manager Ron Baron invested an additional $1 billion into SpaceX during its record-breaking IPO on June 12, 2026. The IPO raised roughly $75 billion, later increasing to $85.7 billion, making it the largest in history. Baron, whose fund Baron Capital already held a $25 billion stake in SpaceX, believes the company will become the largest on Earth, driven by its Starlink satellite internet business and Starship rocket. He projects Starlink could reach 300 million users and $1 trillion in annual revenue. However, the article’s author expresses skepticism, noting SpaceX's extreme valuation at 140 times sales and a $4.9 billion net loss in 2025, arguing that the hype may be overblown despite the company's technological lead.
Yahoo FinanceSpaceX gains 3% after surpassing Amazon in market cap
SpaceX shares rose 3% in premarket trading on Wednesday, extending a remarkable rally since its blockbuster IPO on Friday. The stock has surged around 62%, pushing SpaceX's market cap above Amazon on Tuesday and briefly surpassing Microsoft to become the fourth-largest U.S. company by valuation at $2.65 trillion. Investors are betting on CEO Elon Musk's ability to drive long-term returns, fueled by his prediction of reaching approximately $1 trillion revenue by 2030. However, the company posted a $4.9 billion net loss in 2025 and $4.28 billion in Q1 2026, raising questions about its lofty valuation. Analyst Peter Boockvar of One Point BFG Wealth Partners cautioned that while upside is possible, the company must grow into its enormous valuation over the next few years.
US Top News and AnalysisSpacex Rises 4%, Briefly Overtakes Microsoft in Market Cap, Surpasses Amazon
SpaceX shares rose about 4% on Tuesday, June 16, 2026, following a record-breaking IPO last week. The stock's surge briefly pushed SpaceX's market cap past Microsoft ($2.94 trillion vs. $2.93 trillion) before settling at $2.65 trillion, also overtaking Amazon ($2.64 trillion). The shares have gained roughly 62% from their IPO price of $135. The company announced a $60 billion acquisition of AI coding startup Cursor. CEO Elon Musk projected that SpaceX could reach approximately $1 trillion in revenue by 2030, a huge jump from $18.7 billion in 2025, though the company reported a $4.9 billion net loss in 2025. Analysts are divided, with CFRA issuing a sell rating and a $115 price target, while others emphasize long-term potential in the 'fourth industrial revolution'.
US Top News and AnalysisSpaceX's IPO Triggers End of 'Magnificent 7' Era as New Acronyms Emerge
SpaceX's blockbuster Nasdaq debut on June 12, 2026, has rapidly reshaped the Big Tech landscape, surpassing Tesla, Meta, and Amazon in market cap within two days. The surge has prompted Wall Street to retire the 'Magnificent 7' label in favor of new groupings like the viral 'MANGOS' (Meta, Anthropic, Nvidia, Google, OpenAI, SpaceX) and Vanda Research's 'Fab 10' (Mag 7 plus SpaceX, OpenAI, Anthropic). ETF issuer Corgi Funds has already filed for a MANGOS ETF, though key members OpenAI and Anthropic remain private. SpaceX raised $85.7 billion in the largest IPO in history, making Elon Musk the world's first trillionaire. The Mag 7 ETF (MAGS) has dipped roughly 4.7% over the past month, with Microsoft down 17%.
Forbes - BusinessSpaceX Stock Overtakes Amazon in Market Cap on Day 4 of Trading
On its fourth day of trading after a record-breaking IPO, SpaceX stock (ticker SPCX) surged, overtaking Amazon in market capitalization to become the fifth-largest publicly traded U.S. company. Early Tuesday pre-market activity pushed the stock to roughly $213 per share, with a market cap reaching $2.84 trillion and briefly exceeding $3 trillion. SpaceX raised close to $75 billion in its IPO, the largest in history, selling shares at $135 each. The company, which operates Starlink and reusable rockets, recently acquired Elon Musk's AI venture xAI. Despite strong investor enthusiasm, analysts remain divided: CFRA issued a sell rating with a $115 target, Morningstar valued the stock at $63, while NewStreet Research set a $165 target over a 20-25 year horizon. SpaceX reported 2025 revenue of $18.7 billion but a net loss of nearly $5 billion. The IPO is expected to make over 4,400 current and former employees millionaires.
Yahoo FinanceSpaceX Gets First Sell Rating on Wall Street Within Minutes of IPO Debut
On June 12, 2026, SpaceX (NASDAQ: SPCX) made its historic IPO debut, raising $75 billion and closing with a market cap of ~$2.1 trillion, becoming the seventh-largest public company. Less than 20 minutes after trading began, CFRA analyst Keith Snyder issued a sell rating with a $115 price target, implying a 29% decline from the closing price of $160.95. The rating cited execution risks in developing the Starship reusable launch vehicle and concerns over the sustainability of growth for Musk's AI venture xAI, which lacks margins and differentiation. The article also notes historical headwinds: every major tech innovation since the internet has experienced a bubble-burst, and Truist Financial data shows the 30 largest tech IPOs since 2012 averaged a 55% year-one drawdown. This raises the possibility of SpaceX shares falling below $80 as retail euphoria fades.
Yahoo FinanceSpaceX Shares Surge 11% Premarket After Musk Predicts $1 Trillion Revenue by 2030
SpaceX shares jumped 11% in premarket trading on Tuesday, extending gains from a record IPO on Friday. CEO Elon Musk predicted on X that the company 'might be able to reach approximately' $1 trillion in revenue by 2030, a dramatic increase from the $18.7 billion it generated in 2025, during which it reported a net loss of $4.9 billion. SpaceX has established market dominance through its Starlink satellite internet service and reusable rocket technology. In February 2026, Musk merged SpaceX with his AI venture xAI, following a 2025 merger of xAI with social media platform X. The company continues to post losses, with a $4.28 billion loss in the first quarter of 2026. The article is based on CNBC reporting and emphasizes the speculative nature of Musk's long-term revenue target.
US Top News and AnalysisSpaceX shares surge 20% as record $85.7 billion IPO closes
SpaceX shares surged 20% on Monday, June 16, 2026, following a record-breaking IPO that raised $85.7 billion. The stock climbed to $192.8, extending Friday's 19% gain from its Nasdaq debut at $135. The two-day rally pushed SpaceX's market value above $2.5 trillion, making it one of the world's six largest companies, ahead of Broadcom, Saudi Aramco, and Tesla. Strong demand led banks to exercise a greenshoe option, selling an additional 83 million shares beyond the original 556 million, bringing total shares sold to nearly 639 million. The IPO made Elon Musk the world's first trillionaire. SpaceX, co-founded by Musk in 2002, has expanded into satellite operations and now includes his AI company xAI and social media platform X. The valuation reflects investor belief in Musk's ambitious plans including Mars colonization and space-based data centers.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.SpaceX Stock Surges 19.6% on US-Iran Deal and AI Optimism
SpaceX (SPCX) shares surged 19.6% on its second day as a publicly listed company, closing at $192.50. The rally was driven by broader market optimism following a US-Iran deal to end the war, as well as increased investor exposure to AI-related stocks. The company's valuation reached $2.44 trillion, making it one of the most valuable US firms. SpaceX plans to invest heavily in orbital data centers in space to support AI growth. The company raised $75 billion in fresh funds for space exploration, AI compute infrastructure, launch vehicle enhancements, and satellite constellation expansion.
Yahoo FinanceSpaceX surpasses Palantir as most overvalued megacap tech stock by price-to-sales ratio
SpaceX has overtaken Palantir as the most richly valued megacap tech stock, trading at a trailing 12-month price-to-sales ratio of 110x, compared to Palantir's 63x and the S&P 500's 3.5x. The Elon Musk-led rocket company debuted on the Nasdaq on June 12, 2026, pricing at $135 per share and closing its first day at $160.95, giving it a $2.1 trillion market capitalization. On its second trading day, the stock rose another 10% to $178. The article notes that investors are betting on future growth from Starlink, Mars business, and government contracts. Early investor Ron Baron suggested the company could eventually be worth $10-30 trillion. The analysis compares SpaceX's valuation to Palantir, which has grown into its high multiple since its 2020 IPO.
Yahoo FinanceSpaceX IPO Surprises Veteran Dealmaker with Record $75 Billion Raise
SpaceX's historic IPO on the Nasdaq on June 12, 2026, surprised even veteran dealmaker Nelson Griggs, Nasdaq president, who noted the unprecedented $75 billion capital raise—equivalent to a full year's IPO market activity. The Elon Musk-led company priced at $135 per share on June 11, offering 555.6 million shares, valuing the company at $1.78 trillion. The stock opened at $150 and closed its first day at $160.95, a 19.2% gain, giving SpaceX a $2.1 trillion market cap—making it the sixth-largest US public company. Revenue surged 33% to $18.7 billion in 2025, driven by Starlink satellite internet sales. However, SpaceX posted a $4.94 billion GAAP net loss for 2025 and a $4.28 billion loss in Q1 2026, largely due to $40 billion annual AI capital expenditures. The article suggests profitability remains distant.
Yahoo FinanceElon Musk Says the SpaceX IPO Is About ‘Taking the Fiction Out of Science Fiction’
Elon Musk, in a CNBC interview ahead of SpaceX's IPO, framed the company's mission as 'taking the fiction out of science fiction,' emphasizing its goal to make space travel accessible to everyone. The IPO, under ticker SPCX, seeks a $75 billion raise at up to a $2 trillion valuation, potentially the largest in history. The S-1 filing reveals $18.67 billion in 2025 revenue against a $2.6 billion operating loss. Skeptics like Michael Burry compare the frenzy to the dot-com bubble, while Musk argues the mission justifies the valuation. The article details SpaceX's journey from a small El Segundo warehouse to operating over 9,600 Starlink satellites, and notes the involvement of major banks like JPMorgan, Goldman Sachs, and Morgan Stanley in the offering.
Yahoo FinanceRon Baron Buys $1 Billion of SpaceX Shares in IPO, Lifting Stake to $25 Billion
Billionaire investor Ron Baron announced that his firm, Baron Capital, purchased an additional $1 billion worth of SpaceX shares during the company's initial public offering on Friday, increasing its total stake in Elon Musk's rocket and satellite company to approximately $25 billion. Speaking on CNBC's 'Squawk Box,' Baron expressed strong confidence in SpaceX's future, stating he expects to make 'hundreds of billions of dollars' from the investment. He emphasized that SpaceX's achievements in satellites, rockets, and networks put it at least 10 years ahead of competitors. Baron participated in the IPO to maintain his ownership percentage and avoid dilution, having first invested in SpaceX in 2017 when the company was valued at under $22 billion. The purchase comes after SpaceX's valuation soared to $2 trillion during its market debut.
US Top News and AnalysisSpaceX stock rises after record IPO debut on Nasdaq
SpaceX shares rose roughly 6% in Monday premarket trading, reaching the $170 range, following a record-setting IPO debut on Nasdaq. Priced at $135, the stock closed Friday at $161, a 19% first-day gain, pushing the company's market value past $2 trillion. Analysts are divided on valuation: CFRA issued a sell rating with a $115 target, Morningstar set fair value at $63, while NewStreet Research initiated coverage with a $165 price target, citing a 20-25 year investment horizon. NewStreet analyst James Ratzer described SpaceX's rocket launch lead as at least 10 years and projected it could capture 90-95% of global orbital launch activity within 4-5 years. Concerns were raised by finance lecturer Paulina Roszkowska about thin disclosure in offering documents. The company spent $10.1 billion in capital expenditures in Q1 2026, more than double the prior year, with AI accounting for most of the outlay, and lost nearly $5 billion in 2025.
Yahoo FinanceElizabeth Warren Urges SEC to Delay SpaceX IPO Over Valuation and Governance Concerns
Senator Elizabeth Warren (D-Mass.) has written to SEC Chair Paul Atkins urging the agency to delay SpaceX's planned initial public offering, warning of 'inaccurate or misleading accounting of valuation' and unprecedented risks to investors. The IPO, targeting a $1.75 trillion valuation and $75 billion raise, would be the largest in history. Warren raised concerns about SpaceX's acquisition of Elon Musk-owned xAI, Musk's 'uniquely unchecked' control (82.4% voting power post-IPO), and the possibility that index providers could fast-track SpaceX into major benchmarks, forcing passive fund investors into the stock. SpaceX reported $18.67 billion in revenue and a $4.94 billion net loss in 2025, implying a 93.7x price-to-revenue multiple. Despite risks, investor demand remains strong, with retail investors expected to receive up to 30% of the offering. Public pension officials from New York and California have also warned about the management-friendly structure.
Yahoo FinanceElizabeth Warren Urges SEC to Delay SpaceX IPO Over Valuation and Governance Concerns
Senator Elizabeth Warren (D-Mass.) has sent a 12-page letter to SEC Chair Paul Atkins urging the agency to delay SpaceX's planned initial public offering, which is expected to be the largest in history with a valuation of approximately $1.75 trillion and raising $75 billion. Warren raised concerns about 'inaccurate or misleading accounting or valuation' related to SpaceX's acquisition of Elon Musk-owned xAI, Musk's 'uniquely unchecked' control through supervoting shares (82.4% voting power post-IPO), and the risk that index providers could fast-track SpaceX into major benchmarks, forcing passive index fund investors to hold the stock. SpaceX reported $18.67 billion in annual revenue and a $4.94 billion net loss in 2025, implying a price-to-revenue multiple of about 93.7 times. Despite these concerns, retail investors are expected to receive up to 30% of the offering, and bullish investors cite Starlink, launch dominance, and AI ambitions as justifying the premium.
Yahoo FinanceFormer Tesla board member issues candid warning on SpaceX stock valuation
Venture capitalist and former Tesla board member Steve Westly issued a candid warning about SpaceX's valuation following its record-breaking IPO on June 12, 2026. SpaceX raised $75 billion, priced shares at $135, and closed its first day at $161, giving it a market cap of roughly $2.1 trillion. Westly described SpaceX as 'three moonshots in one company'—rockets, Starlink satellite internet, and an AI division (including xAI, Grok, and X social network). He stated that at least two of these three bets must succeed to justify the $2 trillion valuation. Currently, only Starlink is profitable, while the AI division lost $6.4 billion on $3.2 billion in revenue. Morningstar estimates fair value at $780 billion. Westly also suggested a Tesla-SpaceX merger is 'absolutely likely.' Governance concerns were raised as Elon Musk holds 85% of shareholder voting power.
Yahoo FinanceFormer Tesla board member issues candid warning on SpaceX stock valuation
Venture capitalist Steve Westly, a former Tesla board member, issued a candid warning about SpaceX's valuation following its record-breaking IPO on June 12, 2026. SpaceX raised $75 billion, priced shares at $135, and debuted on Nasdaq with a 19% surge, reaching a market cap of roughly $2.1 trillion. Westly described SpaceX as 'three moonshots in one company'—rockets/space exploration, Starlink satellite internet, and an AI division (including xAI, Grok, and X social network). He stated that at least two of these bets must succeed to justify the $2 trillion valuation. Currently, only Starlink is profitable, while the AI division lost $6.4 billion. The company has accumulated $41.3 billion in total losses since 2002. Governance concerns include Elon Musk holding 85% voting power via super-voting shares. Morningstar estimates fair value at $780 billion, less than half the IPO valuation. Westly also suggested a Tesla-SpaceX merger is 'absolutely likely.'
Yahoo FinanceCathie Wood's Early SpaceX Bet Validated by Historic IPO
SpaceX's highly anticipated IPO on June 12, 2026, raised $75 billion and saw shares surge nearly 20% on the first day, pushing the company's valuation to approximately $2.1 trillion. The successful debut validated Cathie Wood's long-standing bet on Elon Musk. ARK Invest, led by Wood, had built SpaceX into the largest holding in its internal venture fund, first buying into the company in late 2023 when it was valued at under $200 billion. The IPO also made Elon Musk the world's first trillionaire, with his net worth now more closely tied to SpaceX's public-market performance. Wood has described SpaceX as a 'moon-and-Mars opportunity' and 'the convergence of a lifetime,' highlighting Starlink as the financial engine and launch services as the foundation of the valuation.
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