SpaceX Lists as SPCX, Deepens AI Push With xAI

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.

Elon Musk’s artificial intelligence company xAI has reportedly been folded into SpaceX and integrated as SpaceXAI, bringing rocket launches, satellite networks, AI models and computing services under one organization. If completed, the move would give Musk a direct foothold in the space-based data center market and offer an alternative to the power, cooling and land constraints facing terrestrial facilities.

The latest information says SpaceXAI plans to deploy AI computing satellites in 2028 and has secured computing orders from Anthropic and Google. However, as of July 20, 2026, the event data did not specify when the merger and renaming were completed. Nor did it disclose the value of the two companies’ orders, the number of satellites or the timetable for the first launches.

SpaceX has long focused on rocket launches and satellite communications, but its acquisition of xAI has expanded its operations into artificial intelligence. The prospectus shows that Starlink has become its main revenue driver and only profitable business. Whether Starlink’s cash flow can support rocket development and investment in AI infrastructure will be a key factor in the company’s valuation.

SpaceX has filed a roughly 300-page prospectus with the U.S. Securities and Exchange Commission and plans to go public in June 2026. Market reports point to a June 12 Nasdaq listing. First-quarter 2026 data show AI spending surged following the xAI acquisition and the construction of computing infrastructure. SpaceX has also secured revenue from a compute contract with Anthropic, although the values of the acquisition and contract have not been disclosed.

SpaceX and Tesla are both part of Elon Musk's business empire. SpaceX has capabilities spanning rockets, satellites and space-based computing, while Tesla brings electric vehicles, energy storage and AI infrastructure. The proposed merger is aimed at integrating AI computing, power supply and cooling technologies, strengthening the two companies' ability to deploy resources in the global AI arms race.

The latest reports indicate that SpaceX could list as early as June 12 at a valuation of up to $1.25 trillion, with its IPO said to be only about two weeks away. Musk has also internally discussed the possibility of merging SpaceX with Tesla. If completed, the combined entity could be valued at $3 trillion and hold about 30,000 BTC in total.

SpaceX is preparing an initial public offering following its merger with artificial intelligence company xAI. Measured by the amount raised, the deal could become the world's largest IPO and would give retail investors their first opportunity to invest directly in the growth of Elon Musk's space transportation and satellite network businesses.

As of July 20, 2026, Tuttle Capital had reportedly relinquished the “SPCX” ticker for SpaceX to use in its listing. The company is said to be planning to raise $75 billion and reserve 20% to 30% of the shares for retail investors, but it has yet to announce a formal filing or listing date.