SpaceX stock opened trading at $150/share on Friday, skyrocketing 11% above its IPO price, becoming the biggest IPO in history. The company aims to use the massive influx of capital ($75 billion raised) to expand its rocket & satellite businesses and invest heavily in AI development. However, questions remain about SpaceX's profitability, particularly under Elon Musk's leadership, who holds a major stake and influences the company's direction. This IPO follows OpenAI and Anthropic's anticipated listings later this year, showcasing a burgeoning investment trend for AI companies.
Original Article Source Link:
https://www.npr.org/2026/06/12/nx-s1-5855004/stock-ai-spacex-ipo-elon-musk