SpaceX Joins Nasdaq-100 as Wall Street Highlights AI and Space Strategy
Space Exploration Technologies Corp. (SpaceX) went public on June 12, 2026, and was added to the Nasdaq-100 Index on July 7, setting a record for the fastest inclusion of a newly listed stock in the index’s history. Wall Street investment banks including Morgan Stanley and Goldman Sachs have described the company as a “planet-scale infrastructure” giant. The milestone marks the formal integration of space technology into mainstream financial markets, while the commercial value of Starlink and Starship has become a focus for global investors.
SpaceX shares pulled back after the index inclusion as hedge funds took profits. Wall Street analysts nevertheless remain bullish, with some setting a price target of $800. Analysts said its key initiatives include improving Starship’s efficiency, deploying AI data centers in space and integrating the Grok model. Starlink generated $11.4 billion in revenue in 2025, providing steady cash flow to support the company’s ambitious plans.
All Coverage
1 original reportsThe Backstory
The history behind this eventSpaceX Eyes Telecom Expansion and Index Entry as AI Edge Drives Price-Target Hike
Elon Musk's SpaceX, whose operations center on the Starlink satellite internet network, is reportedly considering a partnership with US home internet provider Charter to enter the mobile telecom market and expand its integrated satellite and terrestrial communications footprint. If completed, the partnership could reshape competition among incumbent telecom operators and increase SpaceX's strategic value in communications and AI infrastructure.
SpaceX was recently added to the Russell indexes and is scheduled to join the Nasdaq-100 after the market closes on July 6, a move expected to generate buying by passive funds that track the index. Investment bank Oppenheimer, citing the AI vertical-integration benefits created by SpaceX's acquisition of Cursor, raised its price target to $250. The company is also considering launching mobile telecom services with Charter.
SpaceX IPO and AI Seen Fueling Long-Term Bull Run
Ezfunds Securities Investment Consulting said SpaceX's record-breaking IPO would represent more than a single company's fundraising. It would also establish valuation benchmarks for the broader space economy, including satellites, launch services and ground equipment. Together with investment in AI infrastructure and AI-driven productivity gains, the two themes could become structural drivers of long-term global equity growth.
The latest report said investors could focus on U.S. technology funds and Taiwan equity funds targeting the AI supply chain to capture long-term opportunities in AI and the space economy. However, the available event data does not provide the report's publication date or specify SpaceX's listing date, IPO proceeds or valuation. Further details await disclosures from Ezfunds Securities Investment Consulting or underwriting documents.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.