Stock Movers Notify me• Jun 12, 2026• 19:01Interview

Instant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPO | Stock Movers

From Stock Movers

Kailey Leinz(Host and analyst for the 'Balance of Power'…, Stock Movers)•Craig Trudell(managing editor)•Instant Reaction(A financial and political news analyst…)•Yahaira Anand(Guest)•Ed Ludlow(Host of Bloomberg Tech)•Ryan Reynolds(unknown)

Executive Summary

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12 quotes

Extreme valuation at over 100 times revenue is disconnected from current profitability.
The entire long-term AI strategy is contingent on the unproven, fully reusable Starship system.
Elon Musk's history of volatility and the unconventional, founder-controlled nature of the company's governance.
xAI's acknowledged 'flawed start' raises questions about its ability to compete in AI software development.

Access to a massive $28.5 trillion total addressable market across the space economy and enterprise AI.
Significant near-term revenue generation from large-scale compute contracts with Google and Anthropic.
The Starlink division is already a cash-flow positive and growing business, providing a solid financial foundation.
A potential merger with Tesla could unlock significant synergies and solidify market leadership in multiple domains.

SpaceX launched a record-setting IPO, raising $75 billion at a price of $135 per share.

SpaceX's stock opened for trading on the Nasdaq at $150 per share, an 11% increase over its IPO price.

SpaceX's initial public offering valued the company at approximately $1.8 trillion.

Following its IPO, SpaceX's valuation placed it among the most valuable companies in the world, surpassing Tesla, Meta, and Saudi Aramco.

SpaceX's ability to achieve its long-term enterprise AI goals is predicated on making its Starship launch system regularly operational and reusable.

Successfully landing and reusing the Starship rocket is a necessary step for SpaceX to deploy its planned satellite-based data centers into orbit.

Both Anthropic and OpenAI have confidentially filed with the SEC for an Initial Public Offering.

Anthropic has a deal to pay SpaceX's subsidiary xAI over $1 billion per month to rent compute capacity from a specific data center in Tennessee.

SpaceX's Starlink division has quickly become a cash-flow positive and cash-generating business.

Google has a contract with SpaceX valued at nearly $1 billion per month, contingent on SpaceX delivering its promised computing power.

Craig Trudell believes it is likely that Tesla will eventually be merged into SpaceX.

SpaceX is pitching a total addressable market of $28.5 trillion, with $26.5 trillion of that attributed to enterprise AI.

Processed Jun 12, 2026Daily intelligence brief → yt-dlp + mlx-whisper + Gemini