• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

SpaceX begins trading today: what do experts make of it?

by June 12, 2026
written by June 12, 2026

SpaceX shares begin trading today, June 12, a day after the company priced its initial public offering, in what is set to become one of the largest stock market debuts in history.

The Elon Musk-led company is looking to raise $75 billion in the offering, valuing the business at $1.75 trillion — a figure that would place it among the seven most valuable companies in the US, just ahead of Tesla.

The IPO opened roughly 30% of the float to retail investors, while existing shareholders face lock-up restrictions expected to limit selling pressure in the early sessions.

Analysts widely expect the stock to see a sharp initial rally, a pattern common to large, high-profile listings, though sustaining that price has historically proven difficult for similarly hyped debuts.

The listing caps a dramatic transformation for SpaceX, a company that began as a rocket maker known for its early, very public launch failures and has since grown into a business spanning satellite internet, defence contracts, and now an IPO that has captivated markets far beyond the aerospace sector.

Analysts question the price tag

Not everyone is convinced the valuation holds up.

Speaking on the Zero Sum podcast from Invezz, David Morrison, Senior Market Analyst at Trade Nation, argued that investors are paying a steep premium.

“I think it’s overvalued… I think you’re paying too much on the opening basis,” he said.

Morrison referenced Morningstar’s assessment, which put SpaceX’s fair value at around $780 billion — roughly half the IPO price — with much of the gap attributed to the valuation assigned to xAI, Musk’s artificial intelligence venture, which was valued at just $250 billion when it was folded into SpaceX not long ago.

Investors are buying into a Musk-controlled structure

The offering structure has also drawn scrutiny.

Musk will retain 42% of equity alongside Class B super-voting shares, giving him 85% of total voting power — a level of control Morrison said leaves little room for shareholder influence.

“It’s an impossibility. It’s his company now,” he said, though he noted similar structures have been used by Meta, Alphabet, and Snap at the time of their listings.

Starlink anchors the business, and xAI remains a question mark

Much of SpaceX’s commercial strength comes from Starlink, its satellite internet division, which served over 9 million users and generated $15-16 billion in revenue last year with $4.4 billion in operating income.

By contrast, xAI generated $818 million in revenue in the first quarter of 2026 but posted losses of nearly $2.5 billion in the same period — losses Morningstar has described as carrying an “indeterminate” economic moat.

Wider implications for markets

The IPO has also raised questions about the blending of commercial markets with national security interests, given SpaceX’s extensive government and defense contracts alongside Starlink’s growing role in critical infrastructure, including aviation connectivity.

SpaceX’s debut comes against a broader market backdrop that Morrison flagged as worth watching, pointing to a strengthening US dollar and what he sees as overvalued US tech stocks heading into the second half of the year.

For a deeper breakdown of the IPO structure, the bull and bear cases, and what it could mean for retail investors, watch the full episode of Zero Sum, available now on YouTube and Spotify.

https://www.youtube.com/watch?v=bz4tlg6GTX8

The post SpaceX begins trading today: what do experts make of it? appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Dow rises 250 points as Iran deal hopes grow ahead of SpaceX debut
next post
1,000,000,000,000 by any other name: A trillion in words and graphics

related articles

Why Oracle stock is down around 5% on...

September 1, 2026

Apple stock outlook under Ternus: AI is key,...

September 1, 2026

Duolingo stock surges 5% as this analyst sees...

September 1, 2026

Dell stock falls before earnings: strong AI demand...

September 1, 2026

CoreWeave stock flashes a warning sign despite strong...

September 1, 2026

Why are Intel and AMD stocks falling today

September 1, 2026

SCHD nears title of biggest dividend ETF, but...

September 1, 2026

Nio stock: Why Tesla rival dropped despite strong...

September 1, 2026

Dow falls 250 pts as oil, Treasury yields...

September 1, 2026

Amazon stock falls on FTC lawsuit but analysts...

September 1, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Dow falls 138 points as Iran tensions hit chip stocks, lift oil prices

    July 13, 2026
  • Battlefield robots open new front in innovation war with major US adversary

    August 4, 2026
  • Nvidia teams up with Abridge to build AI model for healthcare: report

    June 11, 2026
  • Meta-driven sell-off in CoreWeave stock makes no sense: here’s why

    July 1, 2026
  • Justice Department approves Paramount Skydance’s acquisition of Warner Bros. Discovery

    June 13, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (540)
  • Investing (1,008)
  • Stock (82)

Latest Posts

  • JPMorgan posts Q2 record profit as trading, investment banking revenue surge

    July 14, 2026
  • Duolingo stock surges 5% as this analyst sees 42% upside

    September 1, 2026
  • Smithsonian’s National Museum of American History promotes ‘extreme political activism,’ WH report alleges

    July 6, 2026

Recent Posts

  • Deutsche Bank lifts Micron PT to $1,500 with 47% upside as earnings loom

    June 17, 2026
  • Amazon’s freight push sinks LTL stocks but analysts say investors overreacted

    June 10, 2026
  • 3 AI stocks Morgan Stanley prefers as investors rotate away from chips

    July 13, 2026

Editor’s Pick

  • Citigroup boosts S&P 500 forecast as AI-led growth supports equities

    June 8, 2026
  • Russia exposes NATO weapons gap as top commander warns ‘the math is not in favor of the West’

    July 28, 2026
  • Dow ends lower as AI selloff drags Nasdaq, defensive stocks gain

    June 26, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock