{"id":55905,"date":"2026-08-13T08:45:10","date_gmt":"2026-08-13T08:45:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-asia\/?p=55905"},"modified":"2026-08-18T06:50:07","modified_gmt":"2026-08-18T06:50:07","slug":"spacex-stock-everything-about-the-company-its-ipo-valuation-and-first-earnings-report","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/discover\/spacex-stock-everything-about-the-company-its-ipo-valuation-and-first-earnings-report\/","title":{"rendered":"SpaceX Stock (SPCX): Everything About The Company, Its IPO, Valuation And First Earnings Report"},"content":{"rendered":"\n

On 12 June 2026, SpaceX dominated financial news headlines on account of two records: the biggest-ever stock market debut in the global markets and the rise of the world’s first trillionaire. Elon Musk’s net worth, at a tune of $1.1 trillion, has landed him with a personal wealth<\/a> that matches the entire economic output of most countries.<\/p>\n\n\n\n

The crowning of Musk as the world’s richest man followed closely behind the listing of SpaceX stock on Nasdaq with a value of $2.2 trillion.<\/p>\n\n\n\n

As we have seen time and time again, people get excited about any company that bears Musk’s footprint. After almost two decades since SpaceX’s founding, retail investors can get their first real shot at owning the company behind Falcon rockets, Starlink internet, and recently, a fast-growing AI business.<\/p>\n\n\n\n

This guide offers everything you need to know about SpaceX: what SpaceX actually does, the people running the company, how the IPO played out, drivers of its valuation, SpaceX stock performance, and key figures from its first earnings report.<\/p>\n\n\n\n

\"Space<\/figure>\n\n\n\n

What Is SpaceX? A Look At Its Portfolios<\/h2>\n\n\n
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(Source: Hargreaves Landown)<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

Ask a random person from the general populace, and you’ll probably get the answer “a rocket company”. While it isn’t a wrong answer, it echoes SpaceX’s early spirit when Elon Musk founded the company in 2002. SpaceX’s Falcon 1<\/a> embodies this spirit as it is SpaceX’s first liquid fuel rocket to successfully reach orbit.<\/p>\n\n\n\n

Since then, SpaceX has dreamed of more than reaching for the stars. The company’s portfolio can best be described in three segments:<\/p>\n\n\n\n

1. Connectivity<\/h3>\n\n\n\n

Starlink <\/a>is a satellite internet network that beams broadband to homes, ships and remote regions. More than 9,500 satellites are orbiting the earth’s orbit to serve more than 9 million users globally. Starlink is the darling of the portfolio, contributing 61% to SpaceX’s revenue.<\/p>\n\n\n\n

2. Artificial Intelligence<\/h3>\n\n\n\n

Starlink brings in profit, while the latest segment, AI, is a loss-making venture for SpaceX. Still, this area is a key propeller to guide SpaceX into the growing AI ecosystem. In February 2026, SpaceX acquired the AI company xAI along with the X platform. Integration was completed in May 2026, and Grok and X are now part of the SpaceXAI division.<\/p>\n\n\n\n

3. Space Launch<\/h3>\n\n\n\n

Another SpaceX product that dominates the commercial launch niche is the Falcon. SpaceX has fundamentally transformed the cost of access to space with reusable launch rockets. There’s also Starship, SpaceX’s next-generation rocket system designed for deep-space missions, including future trips to the Moon and Mars. It’s not yet a meaningful revenue driver, but it’s central to the long-term growth story investors are pricing into the stock.<\/p>\n\n\n\n

The People Behind SpaceX And Early Investors<\/h2>\n\n\n\n

Elon Musk, Founder And CEO<\/h3>\n\n\n\n

Musk remains the company’s largest shareholder and its controlling voice. Thanks to a dual-class share structure, he holds a minority of the economic stake in the company but a commanding majority of voting power. This structure gives him effective control over major decisions even as outside investors buy in.<\/p>\n\n\n\n

Gwynne Shotwell, President And COO<\/h3>\n\n\n\n

Shotwell has run day-to-day operations at SpaceX for years and is widely credited with turning Musk’s ambitions into an operating business. She’s also one of the company’s largest individual shareholders, holding a meaningful stake in the higher-voting share class.<\/p>\n\n\n\n

Initially hired to manage sales for SpaceX\u2019s Falcon 1 rocket, Shotwell built a strong rapport with Musk. Over the years, this made her the public face of SpaceX. She steps in when Musk is busy with his other ventures.<\/p>\n\n\n\n

Bret Johnsen, CFO<\/h3>\n\n\n\n

Johnsen’s financial leadership at SpaceX dates back to 2011. Before SpaceX, Johnsen served as VP at Broadcom and CFO at Mindspeed Technologies. Johnsen\u2019s corporate finance experience caught Musk\u2019s eye when he sought a tough lieutenant to lead SpaceX to its IPO.<\/p>\n\n\n\n

Unlike Shotwell, Johnsen’s influence on SpaceX is confined behind the scenes, with fewer public appearances than Musk and Shotwell. Johnsen is a key figure in the space company’s merger with xAI and closing a landmark deal with Anthropic<\/a>.<\/p>\n\n\n\n

Antonio Gracias<\/h3>\n\n\n\n

Gracias is a former board member of Tesla and collaborated with Musk at DOGE. He’s the founder and CEO of Valor Equity Partners<\/a>, which is one of the earliest institutional investors of SpaceX. Currently, Gracias and his VC firm are the second-largest SpaceX shareholder.<\/p>\n\n\n\n

Apart from SpaceX and Tesla, Gracias serves on the boards of Neuralink and the Boring Co, further solidifying his reputation as one of Musk’s loyal allies.<\/p>\n\n\n\n

Luke Nosek<\/h3>\n\n\n\n

Of all the members of the legendary “PayPal Mafia,” Nosek has remained closest to Musk. After co-founding Founders Fund with another PayPal Mafia member, Peter Thiel, Nosek wrote one of the earliest cheques for SpaceX when the firm was running privately.<\/p>\n\n\n\n

Nosek left Founders Fund in 2017 to create his own venture fund, Gigafund, to back the “world’s most transformative companies.” The fund has since invested over $1 billion into SpaceX <\/a>and several other Musk-founded companies like Neuralink and the Boring Company.<\/p>\n\n\n\n

SpaceX’s Journey To Going Public<\/h2>\n\n\n\n

Why SpaceX Stayed Private For Over Two Decades<\/h3>\n\n\n\n

1. Long Horizons<\/strong><\/p>\n\n\n\n

A lot of what SpaceX was building demands conviction over a long-term timeframe. The idiom “it’s not like rocket science” stems from the challenging nature of aerospace engineering, especially when lower operating costs of rocket launches are a key selling point.<\/p>\n\n\n\n

Rocket blows, you pick up the pieces, you try again, hoping the next launch won’t end up in flames. This is a brutal cycle that will make investors squirm if SpaceX were public from the beginning.<\/p>\n\n\n\n

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Musk explains why reusability is essential for building rockets and why Starship is going to revolutionize space. \ud83c\udf0c \ud83d\ude80 pic.twitter.com\/ZdvkAKVREj<\/a><\/p>— Yahoo Finance (@YahooFinance) June 16, 2026<\/a><\/blockquote>