{"id":937,"date":"2026-06-13T06:14:09","date_gmt":"2026-06-13T06:14:09","guid":{"rendered":"https:\/\/corporate-movers-usa.com\/?p=937"},"modified":"2026-06-13T06:14:09","modified_gmt":"2026-06-13T06:14:09","slug":"spacex-ipo-extends-elon-musks-influence-across-more-than-just-ai","status":"publish","type":"post","link":"https:\/\/corporate-movers-usa.com\/?p=937","title":{"rendered":"SpaceX IPO extends Elon Musk\u2019s influence across more than just AI"},"content":{"rendered":"<div>\n<div>\n<div><audio><\/audio><\/div>\n<\/div>\n<p>Elon Musk controls reusable rockets that are the backbone of the U.S. space program. His constellation of satellites in space represents a pillar of U.S. defense. And he has struck deals with leading artificial intelligence companies to fuel the AI revolution.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=935\">Former Philly SWAT officer who pepper sprayed protesters on I-676 will serve one year of probation<\/a><\/p>\n<div><\/div>\n<p>Now the public sale of SpaceX\u2019s shares will not only dramatically increase Musk\u2019s wealth, making him the world\u2019s first trillionaire, but it will expand his reach into pivotal sectors of the global economy.<\/p>\n<div><\/div>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<p>All the while, it sets up Musk\u2019s rocket company to dominate the cosmos as entities across the globe vie for control of space.<\/p>\n<div><\/div>\n<p>\u201cU.S. space power is built on the back of SpaceX. Period. Full stop. What does that mean?\u201d asked Clayton Swope, deputy director of the Aerospace Security Project and senior fellow at the Center for Strategic and International Studies. \u201cIt means SpaceX has incredible leverage over the government right now.\u201d<\/p>\n<div><\/div>\n<p>The IPO is the largest in history, raising $75 billion to fuel the company\u2019s ambitions. But SpaceX also has a recent track record of losing billions of dollars, including $13 billion since the beginning of 2023.<\/p>\n<div><\/div>\n<p>In IPO documents, SpaceX has laid out an ambitious plan to become an essential hub of the artificial-intelligence age. Despite building its reputation on space launches and its satellite internet service, Starlink, SpaceX sees the vast majority of its market opportunity \u2014 all but $2 trillion of an estimated $28.5 trillion \u2014 in artificial intelligence.<\/p>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>That opportunity rests on major, even far-fetched, bets. A constellation of millions of satellites for space-based data centers will power AI from orbit, and the company will vastly expand its Starlink internet service. Starshield, SpaceX\u2019s secure satellite network for government, will be used for defense and national security applications.<\/p>\n<div><\/div>\n<p>The diversity of SpaceX\u2019s business, which spans AI, social media, and internet connectivity, will likely make it a clearinghouse of lucrative data, allowing it to improve on various capabilities and outpace rivals.<\/p>\n<div><\/div>\n<p>Its plans are ambitious. Musk has upended global industries \u2014 making electric cars mainstream, bringing internet access to remote areas with thousands of satellites, and reviving the Space program. With SpaceX\u2019s IPO, Musk turns his boundary-breaking approach to space, combining capabilities his firm has honed over decades.<\/p>\n<div><\/div>\n<p>Musk mused recently, in an interview with SpaceX employees posted on X, about a core facet of the company\u2019s mission. \u201cHow do you decide what progress a civilization has made?\u201d Musk asked. So far, humanity is harnessing a tiny amount of Earth\u2019s power and a minuscule proportion of the sun\u2019s, he added, marking gaps SpaceX hopes to fill.<\/p>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>The company\u2019s plans however, are raising concerns among some in the space and tech sectors about the level of power SpaceX has amassed \u2014 which may give him tremendous sway over the U.S. space program.<\/p>\n<div><\/div>\n<p>That power takes several forms.<\/p>\n<div><\/div>\n<p>\u201cThe cost is the big one for me,\u201d Swope said. \u201cWhere is the best value proposition? Is it with the company that holds all the cards?\u201d<\/p>\n<div><\/div>\n<p>By taking SpaceX public, Musk has realized an ambition that began more than two decades ago when he took the earnings from the sale of PayPal and seeded them into two companies: Tesla, which debuted on the stock market in 2010 and went on to become the world\u2019s most valuable automaker, and SpaceX, where the entrepreneur pioneered reusable rockets and made space exploration into a private enterprise. <\/p>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>The space company debuted on the Nasdaq composite index on Friday, under the ticker symbol <i>SPCX<\/i>. Its IPO shares were priced Thursday at $135 each. SpaceX opened Friday at $150 a share, then rose to around $168, before finishing the day just below $161. <\/p>\n<div><\/div>\n<p>SpaceX\u2019s significant losses have not muted its hype. The company has attracted an unusual level of interest from retail buyers, who have jockeyed for a stake in the next potential Musk moonshot.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=933\">Interested in tickets to the MLB All-Star Game or Home Run Derby at Citizens Bank Park? Here\u2019s what it\u2019ll cost you.<\/a><\/p>\n<div><\/div>\n<p>To some, SpaceX\u2019s business case is underscored by the high level of importance the U.S. government ascribes to it.<\/p>\n<div><\/div>\n<p>\u201cThis is the United States space program,\u201d said Ross Gerber, a SpaceX investor who has emerged as a Musk critic in recent years. \u201cWe\u2019ve outsourced from NASA to SpaceX.\u201d<\/p>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>In IPO documents, SpaceX describes how its satellites have been deputized for potential defense purposes.<\/p>\n<div><\/div>\n<p>\u201cWhat this really is about is about national security and expanding our &#8230; footprint in space in a way that no other country could,\u201d Gerber added.<\/p>\n<div><\/div>\n<p>This interdependent relationship provides upsides for the company, Gerber said, but \u201cthere is a risk inherent,\u201d in the country\u2019s level of dependency.<\/p>\n<div><\/div>\n<p>Analysts expect significant buy-in for SpaceX\u2019s ideas when it takes to the public markets.<\/p>\n<div><\/div>\n<p>\u201cMusk has always been very good at selling the future to investors, so I am not surprised by the excitement built into the valuation expectations for the IPO,\u201d said David Meier, senior investment analyst at the Motley Fool. Meier noted, however, that SpaceX\u2019s IPO pricing and valuation \u201clooks very aggressive relative to the financial performance it has put up and expects to put up in the near future.\u201d<\/p>\n<div><\/div>\n<p>Still, SpaceX may not shatter all of the lofty expectations built into its IPO.<\/p>\n<div><\/div>\n<p>Nick Smith, a senior analyst at research firm and IPO stock index Renaissance Capital, said IPOs of large companies have a mixed track record. For every winner like Meta, Smith said that there are also losers including Rivian.<\/p>\n<div><\/div>\n<p>The electric vehicle company went public in 2021 with a market value of about $100 billion as its stock shot up on its first trading day. Today Rivian is worth about $20 billion.<\/p>\n<div><\/div>\n<p>Smith noted that SpaceX\u2019s investment bankers have sketched out a path to booming revenue, including from two deals with AI rivals Anthropic and Google to rent out data-center capacity from SpaceX\u2019s xAI business and plans to deploy a more capable but much delayed rocket. If SpaceX\u2019s annual revenue climbs well above $100 billion in a few years from about $19 billion last year, \u201cI think the valuation is OK if you believe it can do that,\u201d Smith said.<\/p>\n<div><\/div>\n<p>Smith also said that Musk inspires a magical faith in his capabilities to make the impossible happen. This \u201cMusk effect,\u201d Smith said, makes his companies\u2019 value become \u201cdivorced\u201d from typical calculations of what companies should be worth.<\/p>\n<div><\/div>\n<p>Swope, the senior fellow at the Center for Strategic and International Studies, said he is hopeful SpaceX won\u2019t outgrow the entities it has served in the past.<\/p>\n<div><\/div>\n<p>\u201cThe government\u2019s mission and U.S. space power are so dependent on this company,\u201d Swope said. \u201cNo one wants to see the period where it could be weakened.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=931\">Brewers ace Jacob Misiorowski blanks Phillies in series opener<\/a><\/p>\n<div><\/div>\n<p>Still, he wondered of the IPO, \u201cHow will it change the company?\u201d<\/p>\n<div><\/div>\n<p><i>The Associated Press contributed to this article.<\/i><\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX\u2019s IPO, the largest in history, dramatically increases Musk\u2019s personal wealth and broadens his power over the global economy, worrying critics.<\/p>\n","protected":false},"author":1,"featured_media":936,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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