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smartcompany.com.auJUN 124 min read$GOOGBullishMed

SpaceX raises $106 billion in biggest US IPO ever

SpaceX priced its IPO at US$135 per share, raising a record US$75 billion by selling 555.56 million shares and valuing the company at US$1.77 trillion, according to the offering terms. Shares begin trading on Nasdaq Friday. Reuters previously reported a US$1.75 trillion target valuation. Musk will hold 82% of voting power.

AI DeskJune 12, 2026
Source · smartcompany.com.au
AI analysis
Relevance
8/10
Novelty
8/10
Actionability
Med
Sentiment · $GOOG
Bullish
Timing
Ahead of/at SpaceX’s Nasdaq debut and follow-through over the next several weeks.
Market alignment
Risk-on IPO sentiment; retail participation highlighted, but valuation skepticism noted.
Why this matters for $GOOG

Cloud-services deal is a tangible revenue/strategic win for Alphabet while supporting SpaceX’s compute needs.

Relevance context

Article says SpaceX entered a multi-year cloud services agreement with Alphabet’s Google, locking in computing capacity.

Price-impact prediction

Likely limited near-term price impact for GOOG; more relevant as a sentiment/strategic signal.

Background

SpaceX priced a record US IPO at $135/share, raising $75B and valuing the company at $1.77T; it begins trading on Nasdaq Friday.

Why it matters

The key tradable element is the IPO’s scale, valuation, and expected aftermarket demand/follow-through, plus a stated compute partnership with Google.

Market relevance

Traders can frame positioning around IPO aftermarket behavior (retail participation, follow-through) and potential read-across to mega-cap valuation narratives and space/AI capital flows.

Market effects

Sector

A record-size space/AI IPO can pull capital into space/satellite/launch and raise scrutiny on valuation vs revenue for other pre-profit operators.

Regional

US IPO market rebound narrative may support broader US primary-market risk appetite.

Global

Large US listing and compute partnerships reinforce cross-border demand for space infrastructure and cloud capacity.

Alternative perspectives

Contrarian view

Skepticism around whether the lofty valuation is justified could cap upside after the initial retail-driven pop, especially if post-listing demand fades.

Overlooked factors

Underwriters’ potential greenshoe/extra-share sale and any early index-inclusion mechanics could materially affect near-term float and liquidity dynamics.

Key entities

  • company
    SpaceX

    Rocket, spacecraft, and space/satellite/AI provider that priced the record US IPO and will list on Nasdaq.

  • company
    Alphabet (Google)

    Entered a multi-year cloud services agreement with SpaceX, per the article.

  • company
    Saudi Aramco

    Previous record-holder for largest IPO, used for comparison in the article.

Read at source← All news

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