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SpaceX Targets $2 Trillion IPO Amid AI Bubble Fears

6/5/2026

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Story summary
  • SpaceX will IPO on June 12, seeking up to $75 billion and a $2 trillion valuation.
  • SpaceX reported $19.3 billion revenue four quarters and a Q1 GAAP loss of $1.9 billion.
  • After acquiring xAI, its AI unit posted a Q1 loss of $2.5 billion on $818 million revenue.
  • Anthropic filed registration on June 1, citing $47 billion revenue, a $965 billion valuation after a $65 billion funding round, while analysts warn three AI IPOs could exceed $3 trillion and spark a bubble.