SpaceX is set to begin trading on the Nasdaq market on June 12, 2026, prompting a surge of interest from investors seeking early exposure to Elon Musk's rocket and AI company before its initial public offering [1]. In Japan, Mitsubishi UFJ Asset Management halted new investments in a stock fund that includes SpaceX after retail investors rushed to participate, reflecting heightened anticipation and strong appetite for innovative technology and AI-related investments [1]. The fund also holds shares in Anthropic and other unlisted companies [1].
Globally, SpaceX's IPO is part of a broader wave of record-breaking public offerings among U.S. AI and technology companies, with Chinese AI firms also raising $21 billion through Hong Kong IPOs in the first five months of the year, more than double the previous year's figure [2]. This underscores the intense competition and capital flows in the AI and technology sectors across major markets [2].
Early investors in SpaceX, including Ron Baron, Cathie Wood's Ark Invest, and Fidelity Investments, are poised to reap substantial rewards as the company seeks a valuation of approximately $1.8 trillion in its IPO [3]. Ron Baron's firm invested about $2 billion in SpaceX since 2017, with the stake now valued at roughly $12 billion and accounting for 33% of the $10.4 billion Baron Partners Fund and 25.5% of the Baron Asset Fund as of March 2026 [3]. Cathie Wood's Ark Venture Fund held 11.4% of its net assets in SpaceX as of March 31, making it the fund's largest holding [3]. Wood emphasized SpaceX's role in building vertically integrated AI infrastructure and its potential for growth beyond its current launch and satellite businesses [3].
According to Ron Baron, "We think that SpaceX will become the largest, most profitable company on the planet" [3]. Wood added that an IPO would provide broader access to a company that remains early in its value creation [3]. The anticipation surrounding SpaceX's IPO has not only driven investor enthusiasm in the U.S. but also spurred significant activity in related funds and markets abroad [1][3].
CONCLUSION
SpaceX's upcoming IPO has generated intense investor interest worldwide, leading to halted inflows in Japanese funds and substantial gains for early backers. With a targeted $1.8 trillion valuation, the event is poised to reshape the landscape for technology and AI investments, offering broader market access and underscoring the sector's global momentum.