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SpaceX IPO debuts at $135, driven by Starlink profits but valued on risky AI promises.

Market News
11 Jun 2026
Stjepan Kalinic
View Source
Bullish
pluang ai news

SpaceX is launching its IPO at $135 per share, with high initial volatility expected. The company’s revenue mainly comes from its profitable Starlink satellite internet service, which generated $11.4 billion in 2025. However, much of the IPO valuation is based on speculative AI ventures that currently lose billions. Investors should be cautious, as the valuation heavily relies on future growth stories rather than current financials, but strong demand may push prices higher initially.

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