SpaceX Shares Expected to Open 29% Above IPO Price in Nasdaq Debut
SpaceX shares are expected to begin trading around $171 on Nasdaq, nearly 29% above the company’s IPO price of $135 per share.
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SpaceX shares are expected to begin trading around $171 on Nasdaq, nearly 29% above the company’s IPO price of $135 per share.
Morningstar has valued SpaceX at $780 billion, far below the company’s reported $1.75 trillion IPO target. The research firm cited uncertainty around SpaceX’s AI business, Starlink’s long-term prospects, and unproven technologies.
Google is reportedly in talks with SpaceX and other launch providers as it explores deploying orbital data centers under its Project Suncatcher initiative. The discussions reflect growing interest in space-based AI infrastructure and computing capacity.
SpaceX is preparing a record-breaking IPO that could raise $75 billion, combining its space business with AI ambitions through xAI integration.
Elon Musk outlined a vision for moon-based AI manufacturing as xAI faces mounting leadership departures following its acquisition by SpaceX and ahead of a potential IPO.
SpaceX has acquired Elon Musk’s AI company xAI, combining rockets, satellites, and artificial intelligence into a vertically integrated effort aimed at scaling AI compute beyond Earth.