SpaceX Shares Slip 5% with 135x Valuation as $75B AI Plan Launches
SPCX•SpaceX stock fell 5% in its first post-IPO drop yet stays 42% above its offering price, trading at a 135x sales multiple. The record $75 billion IPO financing will back AI infrastructure across a $26.5 trillion market, spurring demand for small modular reactors.
1. Stock Performance
SpaceX shares declined 5% in their first post-IPO drop but remain 42% above the June 12 offering price. The stock trades at a 135x trailing sales multiple after reporting 33% revenue growth in 2025 and setting a $1 trillion revenue goal by 2030.
2. IPO Capital Deployment
The company raised $75 billion in its June IPO, marking the largest ever, and plans to deploy these proceeds into AI infrastructure projects. Management targets a $26.5 trillion AI segment within its $28.5 trillion addressable market.
3. Energy Strategy
To power the planned data centers, SpaceX forecasts increased need for scalable power generation, highlighting small modular reactor providers such as NuScale Power and Oklo. This strategy underlines a shift toward low-carbon energy solutions to support massive AI workloads.
