The SpaceX IPO Could Trigger a Massive Rotation Across AI Stocks. Here's Why.
The biggest IPO in history could send shockwaves across the AI market.
The SpaceX IPO Could Trigger a Massive Rotation Across AI Stocks. Here's Why.
Overview
SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, went public on June 12 with a valuation of $1.77 trillion, making it the biggest IPO in history. As of this writing, it's worth $2.59 trillion -- making it the world's fourth-most-valuable company.
At that market cap, SpaceX trades at 139 times its 2025 revenue. That valuation is arguably too high for an unprofitable company that grew its revenue by 33% in 2025. SpaceX's Starlink division is profitable, but its space and AI divisions aren't. Its planned investments in those two unprofitable segments will likely keep its bottom line in the red for the foreseeable future.
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Originally published at www.fool.com.
