Everybody is talking about the SpaceX IPO.
And why not? It could be the biggest moment in market history.
We're talking about a $1.8 trillion valuation. A $75 billion capital raise. The largest IPO ever recorded.
Nvidia's CEO, Jensen Huang says buying now could be like buying Amazon, Google, and Meta on day one.
This is not background noise. Don’t get left behind.
What is an IPO
• An IPO, or initial public offering, is the term for the first time that a private company sells shares of its stock to the public on a stock exchange.
When is SpaceX going public?
• On Friday 12th June, millions of new shares in the company will start trading on the stock market.
Key metrics
• 555.6 million shares with an allocation of up to 30% for retail investors.
• Stock price: $135 per share
• Exchange listing: Nasdaq
• Stock ticker: SPCX
• Latest revenue (FY 2025): $18.7 billion
SpaceX special treatment
Money talks...
• A recent rule change by Nasdaq lets mega-cap companies join the NAS100 just 15 trading days after listing, replacing the historic three-month seasoning period. This means the NAS100 could be injected with fresh volatility in July.
The First Real Test of the AI Boom
• SpaceX is just the opening act with OpenAI is reportedly eyeing a September listing and Anthropic joining the party in October.
• Three companies with a combined valuation of over $3.5 trillion in value, hitting public markets within months of each other in 2026.
• That makes the SpaceX debut a genuine yardstick, a live test of whether public markets can absorb AI-linked equity at trillion-dollar valuations, on businesses that are loss-making today and transformational tomorrow.
Potential Valuations After The IPO
• Prediction markets are pricing a 43% chance that it closes above the $2 trillion valuation post debut.
What assets may be impacted?
• NAS100/US500: direct index weight implications and sentiment spillover across the tech space.
• USD: a landmark listing of this size draws global capital inflows, which may influence the dollar.
• Risk-sensitive pairs: AUD, NZD could catch a bid on broad risk-on sentiment if the debut is strong
What could go wrong
• At a valuation of $1.75–2 trillion, there's almost no margin for error. It's priced for perfection on a business that isn't yet profitable. Any miss on growth expectations post-listing could hit the stock hard.
• If the debut is weak, the narrative could flip fast with every AI IPO after SpaceX facing a harder market.
