SpaceX Begins Trading at $135 as xAI Losses Weigh on $1.75T Valuation
SpaceX (NASDAQ: SPCX) opened June 12 at $135 a share in the largest IPO on record, raising about $75B at roughly a $1.75T valuation. The S-1 shows Starlink as the profitable core while xAI - acquired in an all-stock deal in February - lost $6.36B in 2025 and $2.4B in Q1 2026, putting the lab behind Grok at the center of the valuation debate.
SpaceX (NASDAQ: SPCX) opened June 12 at $135 a share in the largest IPO on record, raising about $75B at roughly a $1.75T valuation. The S-1 shows Starlink as the profitable core while xAI - acquired in an all-stock deal in February - lost $6.36B in 2025 and $2.4B in Q1 2026, putting the lab behind Grok at the center of the valuation debate.
Source: TradingKey · 2026-06-12 · https://www.tradingkey.com/analysis/stocks/us-stocks/261960721-spacex-ipo-is-live-at-135-bull-base-and-bear-cases-for-the-first-90-days-tradingkey
Related Articles
Magnificent Seven Sheds $2 Trillion in June as AI IPO Wave Spooks Markets
Microsoft, Amazon, Apple, Alphabet, Nvidia, Tesla and Meta have collectively lost about $2 trillion in market value in June, more than two-thirds of the S&P 500's total loss, on fears the SpaceX, Anthropic and OpenAI listings will pull capital from incumbents. Goldman Sachs argues the selloff is overdone given ~$8 trillion parked in money-market funds.
Claude Code Adds Nested Sub-Agents and Plugin Search in Major Update
Anthropic shipped a significant Claude Code update this week adding nested sub-agents - a primary session that spawns specialized agents to run tests, write docs and review code in parallel through a shared task graph - plus smarter model/region selection, a plugin search interface, and tighter Chrome, VS Code and terminal integration. The release also fixes a wide range of session, memory and permissions issues.
Apple's Private AI Cloud Runs on NVIDIA GPUs Inside Google's Data Centers
Apple confirmed its Apple Foundation Models on Cloud - the private infrastructure behind Siri AI's reasoning - runs on NVIDIA GPUs hosted in Google's cloud, with the top-tier AFM Cloud Pro said to match Gemini Frontier quality. Apple is effectively renting both model and hardware from rivals while wrapping it in its Private Cloud Compute privacy guarantees.