SpaceX IPO: Wedbush calls a Tesla merger “holy grail,” Morningstar pegs $63 fair value
Trading starts June 12 at $135, but analysts are split over a $72-per-share “option premium” on orbital AI dreams.

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259 briefings · “ai”
Trading starts June 12 at $135, but analysts are split over a $72-per-share “option premium” on orbital AI dreams.
The ChatGPT maker’s filing joins Anthropic’s AI listing wave and turns “someday” into a real timing option.
A $30 billion implied arrangement reshapes who supplies AI muscle, and how tech boards think about capacity and concentration.
A small modular nuclear startup cleared the self-sustaining line. Regulators and investors now shift to the next proof point.
SpaceX wants to raise up to $75bn at $135 a share, but critics say the fixed-price deal may leave buyers overpaying before book building even starts.
The filing fixes SpaceX at 555.6 million shares at $135 apiece, while Musk still controls 82.4% of voting power and public buyers get a sliver of the float.
AI infrastructure stocks tumble in double digits, forcing boards to reassess risk, pricing, and dependency on a single compute cycle.