SpaceX *Official* (NASDAQ: SPCX)

[alph4tang0]

Will it be first 5mins after launch to the moon and then go south?

 

[Krabs.]

https://www.bloomberg.com/news/arti...les-publicly-for-nasdaq-ipo-under-symbol-spcx

 

[SpeedingBullet]

S-1

Space X's S-1 is out. LOL, near $5b GAAP losses, and as suspected, Starlink isn't as profitable as I'd hoped

I think it will moon for a day, then it will crash. Elon will be an instant trillionaire then back down to billionaire

 

[Shion]

Musk eyes Wall Street record with SpaceX IPO​

https://www.channelnewsasia.com/business/elon-musk-spacex-ipo-wall-street-6132106

 

[Hyruga]

Space X and Anthropic will keep the market's sentiments strong.

 

[stanlawj]

S-1

Space X's S-1 is out. LOL, near $5b GAAP losses, and as suspected, Starlink isn't as profitable as I'd hoped

I think it will moon for a day, then it will crash. Elon will be an instant trillionaire then back down to billionaire

SpaceX will be wildly profitable. Satellite to phone, satellite to IOT. Entire Africa goes online first without having to lay fiber cables. Laser through vacuum between satellites proven to be lower latency than laser through glass fiber under ocean.

 

[Krabs.]

there is competition from china when it comes to megaconstellation

also the killswitch risk that before war , countries with basic rocket technology like north korea or iran , can launch tonnes of steel ball bearings to take down the space economy
the question is , if 1 organization destroyed 20 billion worth of space satellite , will other countries have the political appetite to go invade that culprit as punishment .... or does the corporate alone have to tank the loss
there is historical precedent to this , in 1963 USA released a second batch of needles in space https://en.wikipedia.org/wiki/Project_West_Ford

 

[Dividends Warrior]

Alphabet's stake in SpaceX is about to get more valuable.

 

[Shion]

SpaceX set for fast entry into US, global indexes under new FTSE rules​

https://www.channelnewsasia.com/bus...s-global-indexes-under-new-ftse-rules-6143421

May 26 : Elon Musk's SpaceX is eligible for inclusion in both the Russell U.S. Equity Indexes and FTSE Global Equity Index Series under newly announced fast-entry rules, according to index provider FTSE Russell.

FTSE Russell, a London Stock Exchange Group business, proposed introducing a fast-entry mechanism for initial public offerings and revising eligibility requirements for its Russell U.S. Equity Indexes in February.

SpaceX is estimated to carry an investable market capitalization of about $70 billion, a figure that clears two major index eligibility thresholds — the $17.5 billion market-adjusted breakpoint for Russell Top 500 inclusion and the $13.5 billion fast-entry threshold set by the FTSE GEIS, the index provider said.

SpaceX's listing is expected to be the highlight of what is shaping up to be one of the busiest years for IPOs in recent memory, with several high-profile venture-backed companies and startups, including OpenAI and Anthropic, laying the groundwork for their respective debuts.

Musk's space venture, which is eyeing a public listing that could value it at $1.75 trillion, is expected to be added to Russell Top 50, Russell Top 200, Russell 1000 indexes.

It could be included in FTSE GEIS' Global All Series, FTSE All-World, FTSE World Index, FTSE Global Total Cap.

The index provider, however, cautioned that the assessment is based on SpaceX's current S-1 filing and limited publicly available information, which could be reassessed based on subsequent filings.

SpaceX is aiming to list its shares as early as June 12, with a roadshow launch targeted for June 4 and the share sale expected as early as June 11, Reuters has reported.

 

[Shion]

US Space Force awards SpaceX $2.29 billion contract for military space data network​

https://www.channelnewsasia.com/bus...-contract-military-space-data-network-6143371

WASHINGTON, May 26 : The U.S. Space Force has awarded SpaceX a $2.29 billion contract to build a secure, high-speed satellite communications network to connect military sensors and weapons platforms across the globe, the service announced on Tuesday.

The fixed-price nontraditional contracting agreement covers the Space Data Network (SDN) Backbone, a resilient network architecture providing high-capacity and low-latency data transport for the military.

Space Force said the vendor must deliver a fully operational prototype capability by the end of 2027.

Among other roles, the SDN will provide the communications pathways for integrating and moving data from missile warning and tracking sensors to interceptors in near real time — a capability seen as foundational to the Trump administration's Golden Dome missile defense initiative.

"The SDN Backbone leverages the best of commercial innovation and delivers a strong foundation for the SDN mission set — a huge benefit and enabler for our warfighters," said Space Force Colonel Ryan Frazier, the acting portfolio acquisition executive overseeing the program.

The SDN Backbone is a proliferated low Earth orbit (pLEO) satellite constellation that will expand a mesh of satellites delivering worldwide communication services, the Pentagon said. It will work alongside the Space Development Agency's Transport Layer to form a unified architecture providing critical data transport for current and future Department of Defense missions.

The Space Force said it plans to identify additional contractors for satellite construction and other network elements over the summer.

 

[doogyhatts]

 

[doogyhatts]

Musk says SpaceX's AI compute deal with Anthropic is only a six-month lease​

https://qz.com/musk-spacex-anthropic-colossus-lease-six-month-052826

 

[Shion]

SpaceX reserves up to 5% of IPO stock for staff and friends​

https://www.theedgesingapore.com/news/ipo/spacex-reserves-5-ipo-stock-staff-and-friends

(June 1): SpaceX will reserve up to 5% of shares in its upcoming initial public offering (IPO) for certain employees and friends and family of its executive officers, the company disclosed in an amended filing.

The amount of Class A stock the company is setting aside for its directed share programme is newly specified in the filing Monday. Space Exploration Technologies Corp already had disclosed last month that participants on its so-called friends and family list will not be subject to a lock-up restriction.

While directed share programmes are a fairly common feature of IPOs, participants often are subject to lock-ups that prevent them from immediately selling their shares. SpaceX says in the filing that more than 60% of shares outstanding immediately prior to the offering are subject to an extended lock-up period, including the stock held by Elon Musk, its founder and chief executive officer.

The amended filing also discloses that SpaceX’s agreement to provide Anthropic PBC with artificial intelligence computing capacity includes about 325,000 chips from Nvidia Corp.

The agreement, at a cost to Anthropic of US$1.25 billion (RM4.96 billion) per month, runs through May 2029 and, after the initial three-month period, can be terminated by either party with 90 days' notice. In the risk factors, SpaceX flagged that some of its compute service customers may rely on external capital to fund their obligations.

Water scarcity was added as a risk factor in SpaceX’s filing. Drought conditions, more competition for water sources and regulatory restrictions on water use could limit or make it more expensive for the company to cool its data centre infrastructure, the filing shows. Data centres for AI are drawing increasing scrutiny over their water and power usage.

SpaceX is currently targeting a valuation of at least US$1.8 trillion in the IPO, Bloomberg News reported last week, citing people familiar with the matter. Bloomberg previously reported in April that the company was aiming for a valuation above US$2 trillion.

 

[Shion]

SpaceX seeks US$135 a share for US$75 bil IPO, Reuters says​

https://www.theedgesingapore.com/news/ipo/spacex-seeks-us135-share-us75-bil-ipo-reuters-says

(June 3): SpaceX aims to sell 555.6 million shares at US$135 ($172.77) apiece for its record-breaking US$75 billion initial public offering (IPO), Reuters reported, citing an unidentified person familiar with the matter.

The report indicates SpaceX is breaking from the traditional IPO process, whereby companies typically announce a price range before marketing the shares during investor roadshows, and set the price before trading begins. SpaceX didn’t immediately respond to a request for comment.

SpaceX’s IPO is among the most closely watched public listings globally. Its rapid march to market after confidentially filing in March — and then publicly last month — comes as investors closely monitor a pipeline of potential offerings from other high-profile technology companies.

AI rivals OpenAI and Anthropic PBC look to forge ahead with listings of their own, while Alphabet Inc — which has its own large language models and AI infrastructure businesses — revealed plans for a record US$80 billion equity offering on Monday.

The SpaceX deal would be the largest IPO on record, more than doubling the US$29.4 billion raised by Saudi Aramco in 2019.

Elon Musk’s rocket launch, satellite and AI company is expected to disclose the terms of the offering as soon as Wednesday, start formal marketing on June 4 and price as early as June 11, Bloomberg News has reported. The timetable could still slip by a matter of days.

The company is targeting a valuation of at least US$1.8 trillion in the offering, Bloomberg has reported.

Goldman Sachs Group Inc, Morgan Stanley, Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co are leading the SpaceX offering along with 18 other banks. The company, known formally as Space Exploration Technologies Corp, expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCX.

The fundraising comes as SpaceX negotiates to pay razor-thin fees to the Wall Street firms, though banks are still likely to rake in about US$500 million.

More than 1,000 current and former SpaceX employees have also joined forces to negotiate better pricing and access to sophisticated tax-saving financial products ahead of the IPO, which is poised to turn many of them into multimillionaires, Bloomberg has reported.

The group has considered more than 20 financial advisers and private banks, according to a May document reviewed by Bloomberg. The document said they were “leveraging collective power” to secure significantly lower fees for financial advice, paying less than 0.5% on all assets under management, rather than the traditional 1% fee.

 

[Shion]

SpaceX worth less than half of $2.27 trillion IPO goal: Morningstar​

https://www.straitstimes.com/busine...-half-its-2-27-trillion-ipo-target?ref=latest

Bengaluru – SpaceX just set a price for its initial public offering that would make it the largest ever, but one research firm has warned that Elon Musk’s rocket and AI behemoth is “significantly overvalued”.

Morningstar analysts pegged SpaceX’s valuation at US$780 billion (S$1 trillion), less than half the US$1.77 trillion that the company is targeting with its US$135 per share IPO.

Prospects for the company’s artificial intelligence business, which includes xAI and social media platform X, were uncertain given unclear economics and competition from OpenAI and Anthropic, the research firm said.

“We don’t see Grok as one of the leading AI labs today,” said Morningstar equity analyst Nicolas Owens, referring to the chatbot developed by xAI.

Owens also warned that the future promise of SpaceX’s AI segment relies on untested technology such as orbital data centres. Starlink, the satellite broadband business, also faces technological hurdles, many of which may be outside the company’s control, he said.

“We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO,” Owens said.

The warning stands out as a rare contrarian view at a time when enthusiasm for the IPO has been high.

Most companies that go public set a preliminary price range for their stock offering before settling on a final number in case investor demand for their shares changes.

But Musk and SpaceX sidestepped that and simply declared one price for investors, the New York Times noted. SpaceX could still change that price but is not expected to do so, the newspaper added.

Its current valuation of US$1.77 trillion from its IPO price would be more than 40 per cent higher than the US$1.25 trillion that SpaceX valued itself at in February. The company was also last valued at US$1.53 trillion on secondary trading platform Forge Global.

SpaceX is aiming to launch a roadshow on June 4, with the stock scheduled to debut on the Nasdaq on June 12.

Morningstar said the stock could ascend in the near term, given the low float and the strong cadre of major investment banks underwriting the IPO.

Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and JPMorgan are among the underwriters for SpaceX’s share sale.

However, “long-term investors eager to participate in SpaceX’s future endeavours and potential success will have opportunities to do so with a greater margin of safety than the initial offering is likely to provide”, Owens said.

A rally in SpaceX’s share price in its first days of trading could make Musk, who is already the world’s richest man, its first trillionaire. At US$135 a share, the roughly 50 per cent stake in SpaceX that he controls would be worth just over US$752 billion.

He has used SpaceX as a kind of piggy bank over the last two decades, securing loans from the company to himself and relying on the firm to shore up several troubled businesses in his orbit, NYT said.

In May, SpaceX gave the first look at its full financial health in the public filing of its IPO prospectus. It revealed a loss of US$4.94 billion in 2025, compared with a US$791 million profit in 2024, because of increased spending on AI.

It also disclosed a super-voting share plan allowing Musk to keep SpaceX under his control.

It plans to use the money it raises from its IPO to fund Musk’s various goals, from putting AI data centres into space to sending humans to Mars. REUTERS

 

[d5dude]

https://ca.finance.yahoo.com/news/p-dji-holds-firm-index-222607888.html

By maintaining the status quo, the Index Committee has effectively blocked high-profile, multi-billion-dollar private companies from securing rapid entry into the S&P 500 upon going public. Highly anticipated mega-IPOs from capital-intensive tech and aerospace giants will still face rigorous pre-inclusion testing regardless of their massive valuations.

Proposals to reduce the initial public offering seasoning period to six months from 12 months were ultimately rejected by the Index Committee. This timeline preservation means that even a newly public powerhouse must trade on an eligible exchange for a full year before index consideration.


S&P committee just told Elon Musk to go fly kite.

 

[tazzycorner]

https://ca.finance.yahoo.com/news/p-dji-holds-firm-index-222607888.html

By maintaining the status quo, the Index Committee has effectively blocked high-profile, multi-billion-dollar private companies from securing rapid entry into the S&P 500 upon going public. Highly anticipated mega-IPOs from capital-intensive tech and aerospace giants will still face rigorous pre-inclusion testing regardless of their massive valuations.

Proposals to reduce the initial public offering seasoning period to six months from 12 months were ultimately rejected by the Index Committee. This timeline preservation means that even a newly public powerhouse must trade on an eligible exchange for a full year before index consideration.


S&P committee just told Elon Musk to go fly kite.

thanks for sharing
good news for holders of other S&P stocks, esp the mag7

 

[Shion]

SpaceX inks $38.7 billion computing power deal with Google​

https://www.straitstimes.com/busine...n-computing-power-deal-with-google?ref=latest

Alphabet’s Google has agreed to pay Elon Musk’s SpaceX US$920 million (S$1.19 billion) a month for computing power as part of a cloud services deal that runs until mid-2029, its second such agreement with an AI competitor in a matter of weeks.

Google will pay SpaceX the monthly fee from October 2025 to June 2029, SpaceX said in the filing on June 5. That amounts to about US$30 billion through the time of the agreement.

If SpaceX fails to deliver access to Nvidia chips as part of the deal by Sept 30, Google has the right to terminate the contract, with a one-month grace period, the filing shows.

A Google Cloud spokesperson said the deal would help the company meet demand for its AI services. In its most recent earnings report, Alphabet said Google Cloud’s backlog – the measure of contracted work that has not been recorded as revenue yet – nearly doubled from the prior quarter to more than US$460 billion.

“This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected,” the Google spokesperson said in a statement.

SpaceX previously signed a similar agreement with Anthropic PBC. The Musk-led company, through its xAI subsidiary, has been looking to shore up revenue and transform its AI business into a compute infrastructure provider – the key business the company has been touting as part of its initial public offering.

Although xAI has fallen behind on coding, it is betting that its edge is in data centre infrastructure, which the three-year-old business has built in Memphis, Tennessee, and is now expanding in Mississippi.

The contract gives Google access to 110,000 of Nvidia’s graphics processing unit chips, as well as central processing unit chips, memory chips and other related components. Based on the capacity of Nvidia’s H200 chips, that may represent well over 100 megawatts of computing power – or enough power to energise 75,000 homes at any given moment.

The relationship between Google and SpaceX is at once collaborative and competitive.

Earlier in 2026, SpaceX disclosed that Google LLC owned a 6.11 per cent stake in the company at the end of 2025. Following the February merger of SpaceX with xAI, Musk’s artificial intelligence and social media company, Google now likely owns roughly 5 per cent of SpaceX, according to Bloomberg calculations.

The cloud deal is not the only pact that Google and SpaceX have been engaged in talks over. The two companies had been discussing launching the search company’s test products for orbital data centres, a person familiar with the matter said in May. Google previously said it was exploring deals with other launch providers for what the company called Project Suncatcher.

Under the pact disclosed on June 5, either party also has the right to terminate the arrangement with 90 days’ notice – the same feature as in Anthropic’s deal.

SpaceX, through its AI arm, also has a deal with startup Cursor, which gives it the right to acquire the firm for US$60 billion or pay US$10 billion as a break-up fee. Cursor and xAI are already collaborating on computing resources and coding, Bloomberg reported. BLOOMBERG

 

[Hyruga]

SpaceX might do well sia

 

[Shion]

SpaceX IPO demand running at $193 billion, twice oversubscribed: Sources​

https://www.straitstimes.com/busine...ed-with-demand-hitting-193-billion?ref=latest

NEW YORK – SpaceX has drawn investor demand of about US$150 billion (S$193 billion) for its initial public offering (IPO), about double the US$75 billion it is seeking to raise, sources said.

An oversubscription rate of two times would be considered modest for most highly anticipated market flotations, but bankers and investors said that demand is impressive for the SpaceX offering since it is expected to be the largest IPO ever.

Investor demand is still subject to change before the IPO prices later this week, sources cautioned.

The sources added that some large institutional investors tend to submit orders late in IPO processes, and that current subscription figures reflect indications of interest rather than final allocations, which will be set at pricing.

Banks leading the IPO by Elon Musk’s rocket, satellite and artificial intelligence company are expected to stop taking orders from institutional investors on June 10 after the market closes in New York at 4pm, other sources said.

Closing the order books gives banks time to gauge demand ahead of the listing and advise the company on pricing. SpaceX’s IPO is set to price on June 11 and trade on Nasdaq the following day under the symbol SPCX.

Retail investors can still submit orders for SpaceX shares on some platforms beyond the June 10 deadline. The company is reportedly allocating as much as 30 per cent of the offering to retail.

On June 9, Morgan Stanley is hosting about 300 institutional investors at the bank’s New York headquarters for meetings with SpaceX management including president Gwynne Shotwell and chief financial officer Bret Johnsen, a person familiar with the plans said.

SpaceX has disclosed new sources of revenue in recent weeks, emphasising its AI clout. On June 5, it announced a deal with Alphabet’s Google that would see the Gemini AI model maker pay US$920 million a month as part of a cloud services agreement set to run through 2029. It previously disclosed a similar pact with Anthropic.

REUTERS, BLOOMBERG