New York Post
05 Jun 2026, 22:46 UTC · 1h ago
Elon Musk outlines bold vision for SpaceX, goes light on details at JPMorgan event touting historic IPO
New York Post
05 Jun 2026, 22:46 UTC · 1h ago
Story key points
4 claims · impact-rated
SpaceX is launching an IPO on the Nasdaq under the ticker SPCX, with shares priced at $135 and trading starting June 12. — The public listing of a company with a projected $1.5 trillion valuation is a massive liquidity event that significantly affects the broader tech and space sectors.
+0.90SpaceX reported 2025 revenue of $18.6 billion, representing a 33% year-over-year increase. — Strong revenue growth demonstrates scalable demand for Starlink and launch services, supporting a high valuation.
+0.60The company reported a net loss of $4.3 billion for the three months ended March 31 and significant capital expenditures of over $20 billion last year across launch and AI businesses. — High cash burn and substantial quarterly losses introduce risk regarding the company's path to profitability despite top-line growth.
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Elon Musk plans to expand AI capabilities by building data centers in space to circumvent terrestrial power plant constraints. — While visionary, this is a long-term speculative project with high capital risk and no immediate impact on current cash flows.
+0.30Ticker attribution
Model heads
Company is launching a historic IPO with strong revenue growth and a visionary outlook, despite current net losses.
Serving as a lead underwriter for a historic $1.5 trillion valuation IPO.
Serving as a lead underwriter for a historic $1.5 trillion valuation IPO.
The bank is hosting and facilitating a massive, high-profile IPO for SpaceX.
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