Overview
- SpaceX completed its IPO on June 12, selling Class A stock that raised roughly $75–86 billion and briefly pushed the company into the multitrillion-dollar valuation range.
- An exceptionally small public float and heavy retail demand amplified early gains, with retail investors buying the most SPCX shares of any stock in the first trading days.
- The company disclosed a roughly $60 billion all‑stock deal for Anysphere’s Cursor and the stock logged its first full‑day decline on June 17, starting a multi‑day pullback.
- Near‑term catalysts that could swing the price include fast-track inclusion in major indexes, upcoming lockup expirations and bankers preparing bond or other financing to fund AI expansion.
- Analysts are sharply divided on fair value, with price targets ranging widely and critics pointing to high trailing losses and heavy capex while some investors and institutions continue to add large positions.