SpaceX IPO Opens at $150, Valuation Slips Below $2T as Musk Plans 1M AI Satellites
SPCX•SpaceX’s IPO opened at $150 per share, implying a valuation under $2 trillion as pre-market indications fell. CEO Elon Musk plans to deploy up to 1 million AI-powered orbital data-center satellites beginning in two years to support xAI and future growth.
1. Disappointing IPO Open
SpaceX shares began trading at $150 apiece on debut, below initial investor expectations and signaling weaker demand. The opening price marked a modest entry compared to hype but still provided the capital markets with its first public benchmark.
2. Valuation Indications Dip Below $2 Trillion
Pre-market trade references consistently valued SpaceX under $2 trillion, reflecting cooling investor enthusiasm since the IPO filing. Slumping indications raised concerns about stock momentum as the company prepares full public trading.
3. 1 Million AI Satellites Initiative
CEO Elon Musk has filed with regulators to launch up to 1 million AI-powered orbital data-center satellites within two years, leveraging the xAI acquisition. The proposed constellation aims to host artificial intelligence workloads in orbit, reducing reliance on terrestrial data centers.
