SpaceX IPO and AI Seen Fueling Long-Term Bull Run

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.

SpaceX operates rocket-launch and Starlink satellite-internet businesses while also pursuing AI-related initiatives. Its operations involve U.S. national security and are subject to International Traffic in Arms Regulations, or ITAR. Excluding capital from China and Hong Kong signals that U.S. technology and aerospace companies are moving faster to reduce participation by investors from those markets, reshaping funding sources for major Silicon Valley startups.

As of July 20, 2026, SpaceX had instructed its IPO underwriters to reject subscriptions from investors in China and Hong Kong. The listing date, fundraising target and underwriting syndicate have yet to be announced. Investment banking analysts view AI technology and its growth potential as a key pillar supporting a SpaceX valuation of up to about $1.8 trillion.