24/7 Wall Street
05 Jun 2026, 12:38 UTC · 1h ago
SpaceX Reveals It's Really an AI Company — and That Changes Everything for Investors
24/7 Wall Street
05 Jun 2026, 12:38 UTC · 1h ago
Story key points
5 claims · impact-rated
SpaceX plans a Nasdaq IPO on June 12 with a target valuation of $1.75 trillion. — A listing of this magnitude creates a massive new benchmark for AI/Space valuations and significantly impacts the indices and competitors like Tesla.
+0.80SpaceX has rebranded as an 'AI services and infrastructure company' following the consolidation of xAI and X into its financials. — This shifts the investment thesis from aerospace to AI infrastructure, potentially attracting a different class of high-growth investors.
+0.60SpaceX holds an option to acquire the AI coding tool Cursor for $60 billion payable in stock. — This represents a direct strategic challenge to Microsoft's GitHub Copilot and suggests aggressive expansion into the software developer market.
+0.50Continue reading
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Top 3 movers · tap to explore
SpaceX carries $29.1 billion in total debt, including a $20 billion bridge loan due within six months of the IPO. — High debt obligations create immediate liquidity pressure and may limit the company's ability to execute acquisitions.
-0.40Starlink's $4.4 billion operating profit is being used to subsidize a $6.4 billion loss in SpaceX's AI segment. — Reveals significant cash burn in the AI division that offsets the profitability of the connectivity business.
-0.30Ticker attribution
Model heads
Mentioned as facing a 'credible challenger' in Cursor for its GitHub Copilot market share.
Mentioned as being 'left in the dust' regarding market cap and strategy by SpaceX's pivot.
Mentioned only as a valuation benchmark for SpaceX.
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Market reaction
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