gg2
spacex
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
SpaceX went public in June at $1.75 trillion, the largest IPO ever. Its stock has since been volatile, with Musk holding a 48.4% stake.
Background
SpaceX, a private spaceflight and satellite internet company, went public in June 2026 at a record valuation. The company has expanded into AI and defense, and its stock has seen significant swings since the IPO.
How it unfolded
- Jun 12, 2026SpaceX went public at a valuation of $1.75 trillion, the largest IPO in history.
- Jul 2026SpaceX shares fell nearly 33% through the end of July.
- Aug 13, 2026Musk disclosed a 48.4% stake in SpaceX in a regulatory filing.
- Aug 14, 2026Nvidia disclosed a $21 billion stake in SpaceX.
- Aug 15, 2026Harvard disclosed a $2.2 billion stake in SpaceX.
- Aug 15, 2026SpaceX launched two Falcon 9 rockets 38 minutes apart, setting a new record.
Who’s saying what
- Analysts
- Some analysts question SpaceX's valuation, noting that nearly 80% of its predicted total addressable market is tied to a hypothetical AI enterprise services market.
- Bulls
- Investors like Harvard and Nvidia have made large bets on SpaceX, seeing significant growth potential in its AI and defense ventures.
Still unverified
The claim that SpaceX's future value hinges on xAI's growth potential is an opinion from a critical article, not a confirmed fact.