Story perspectives

SpaceX IPO Soars 12%, Joins New Magnificent 7

6/17/2026

Summary

SpaceX IPO

SpaceX began Nasdaq trading on June 12, 2026, rose 12% and hit a $2.85 trillion market cap.
The IPO raised $85.7 billion, above the planned $75 billion after banks added extra shares, prompting Vanda Research’s “FAB 10” to add SpaceX, OpenAI and Anthropic to the Magnificent 7.
OpenAI and Anthropic filed paperwork in June 2026 to go public at >$1 trillion valuations, with the Magnificent 7 covering about one-third of the S&P 500 and holding a $22.6 trillion value.

Summary

Musk Valuation Risk

Advisors warn that SpaceX’s near-$2.9 trillion valuation plus Tesla’s $1.3 trillion pushes Musk’s firms past $4 trillion, raising concentration risk.
The FAB 10 concept urges advisers to add frontier AI and space firms to portfolios beyond the Magnificent Seven.
Anthropic’s confidential SEC filing shows a private valuation near $965 billion, prompting advisors to stress disciplined analysis for AI IPOs.

Summary

Vanda Introduces FAB10

Vanda Research introduced the term FAB 10 after Friday’s market action, shifting focus from the “Magnificent 7” to an AI grouping.
Wall Street analysts called the change an “upgrade,” saying investors are rotating capital rather than abandoning tech.
Nvidia’s shares rose 3.30% to $211.96 while Meta’s jumped 4.61% to $593.14, showing immediate market response.
SpaceX debuted on Nasdaq at $150 per share, placing it among the top-10 U.S. companies by market cap.

1 of 3

SpaceX IPO

SpaceX began Nasdaq trading on June 12, 2026, rose 12% and hit a $2.85 trillion market cap.
The IPO raised $85.7 billion, above the planned $75 billion after banks added extra shares, prompting Vanda Research’s “FAB 10” to add SpaceX, OpenAI and Anthropic to the Magnificent 7.
OpenAI and Anthropic filed paperwork in June 2026 to go public at >$1 trillion valuations, with the Magnificent 7 covering about one-third of the S&P 500 and holding a $22.6 trillion value.

1 / 3