SpaceX will begin trading on the Nasdaq today, June 12, at a staggering $1.77 trillion valuation, capping a two-decade journey from a small rocket startup into one of the world’s most valuable companies.
Star Trek Future
While some supporters are focused on Musk’s track record, others argue the real story is SpaceX‘s future earning power.
Speaking on Bloomberg Television, Reddit Inc. (NYSE:RDDT) co-founder Alexis Ohanian said SpaceX represents far more than a launch company, pointing to opportunities in Starlink, space-based research and emerging industries, including pharmaceutical and biotechnology breakthroughs.
“As we start to unlock pharmaceuticals and biotech that could really only be done in Zero-G, we’re talking about saving lives, improving quality of life,” he said, describing it as part of the “Star Trek future” that many people imagined growing up.
To CNBC’s Jim Cramer, the most fascinating part of the IPO may not be SpaceX itself, but the frenzy surrounding it.
“Someone is being real smart about this deal,” Cramer said in a post on X Thursday, and suggested that the demand for the offering could significantly exceed the number of shares available.
I like how much stock the deal runners have to allot if necessary. Someone is being real smart about this deal
— Jim Cramer (@jimcramer) June 12, 2026
Former MIT rocket scientist and investor Alex Divinsky, who said he got rich betting on NVIDIA Corp (NASDAQ:NVDA) called SpaceX “one of the biggest wealth opportunities” he has seen in more than a decade, arguing that the ...
