It’s SpaceX’s first day on the stock market : NPR
It’s SpaceX’s first day on the stock market : NPR
https://www.npr.org/2026/06/12/nx-s1-5855004/stock-ai-spacex-ipo-elon-musk
Publish Date: 2026-06-12 10:01:00
Source Domain: www.npr.org
Here is a summary of the key points from the article about SpaceX’s recent developments and financial activities:
– Elon Musk’s SpaceX prepared for a record-breaking IPO that reportedly propelled him to become the world’s first trillionaire.
– The company raised about $75 billion with the sale of more than 555 million shares at $135 per share, making it the biggest IPO in history.
– Despite the substantial influx of capital, SpaceX is not profitable, having generated a net loss of $4.3 billion in the first quarter of this year.
– SpaceX plans to use the funds to expand its rocket and satellite communications businesses, and it aims to pivot towards artificial intelligence with the intention to create AI microchips and orbital AI compute infrastructure.
– The company’s valuation surpassed $1.75 trillion post-IPO, though there is considerable debate about its true worth and future profitability.
– SpaceX’s IPO is the first among three major AI-related technology companies—SpaceX, OpenAI, and Anthropic—that are expected to test investor appetite this year.
– Analysts express significant uncertainty regarding the future profitability of these AI companies, which have been heavily investing in tech development but have yet to show consistent profitability.
