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Mon, 13 Jul 2026

Mon, 13 Jul 2026 The SpaceX IPO made history. Is the excitement still there?

A month on from the firm's stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.

* Shares priced at $135 on June 12 surged to $176.95, making it largest IPO ever
* Following week saw shares hit intraday high of $225, surpassing Amazon and Microsoft in market value
* Excitement was largely driven by Elon Musk's AI focus and acquisition of xAI and data centre deals
* As investors realized SpaceX makes money from rocket launches and Starlink, not just AI, share price dropped 18% from peak
* Retail investors who bought during first five days may face losses
* Analysts expect shares to drop further to around $115, valuing company at $1.5 trillion
* Elon Musk's enthusiasm remains high, projecting $1tn in revenue by 2030 and acquiring start-up Cursor for "free" using SpaceX shares
* Morgan Stanley initiated coverage with target share price of $300
* Anticipation builds for first public earnings report, expected in early August, which may bring more dramatic swings in price