SpaceX IPO Lifts Off As Data Center Race Moves From Ashburn To Abilene To Space

SpaceX surged 19% on Friday in its Nasdaq debut following the world's largest IPO, closing near $161 after opening at $150 and valuing the company north of $2 trillion.J.P. Morgan + SpaceX= Largest IPO

Congratulations to the @spaceX team on this milestone, we were proud to serve as a lead bookrunner on the transaction. pic.twitter.com/axxob266QP

— J.P. Morgan (@jpmorgan) June 12, 2026Investor excitement over the potential commercialization of the Starship mega-rocket is certaintly a major driver, but also markets are beginning to view SpaceX as one of the most pivotal players in the emerging orbital data-center race, where launch dominance, Starlink infrastructure, satellite manufacturing scale, and plunging access-to-orbit costs could position Elon Musk's rocket company at the center of the next frontier in AI compute.Nearly six months ago, we read the tea leaves and told readers how to position ahead of the SpaceX IPO and the coming space-and-data center buildout race in low Earth orbit. That thesis is moving from speculative to investable, after SpaceX's public-market debut yesterday and Starship commercialization story nears (read report).Starship is a very big rocket https://t.co/0RyGe3CPzS