Space X Ipo Could Be the Largest as June 12 Nears
Space x ipo is expected on June 12, and the deal could be the largest IPO on record when it prices. For investors, that sets a new benchmark for private-market valuation in space and sends attention to the public names already tied to the sector.
June 12 puts SpaceX in focus
June 12 is the date attached to SpaceX’s initial public offering, a move that would put one of the most closely watched private companies into public markets. The expected size of the offering is the main draw, because it could become the largest IPO on record rather than just another large listing.
$2 trillion by 2040 is PwC’s projection for the space economy, and that backdrop is helping explain why the IPO matters beyond one company. The figure gives investors a larger addressable market to price against, especially as space infrastructure becomes more visible in public portfolios.
AST SpaceMobile satellite setback
2,400 square feet is the size of AST SpaceMobile’s Block 2 BlueBird satellites, which the company says are the largest commercial phased-array antennas ever deployed in low Earth orbit. That hardware is built around direct-to-cellular broadband, with service aimed at call, text, data, and live video streaming, and the company has entered agreements with AT&T, Verizon, and Vodafone.
Last month, Blue Origin’s New Glenn launch vehicle deployed one of those satellites too low in orbit, rendering it unusable, and AST SpaceMobile has since de-orbited it. The setback is a reminder that its deployment schedule depends on launch execution, even as management still believes it can reach 45 satellites by the end of this year.
45 satellites and $186.7 million
45 to 60 satellites was AST SpaceMobile’s plan for 2026, and the company says it will launch its next batch of three satellites sometime in June. It also has 5.8 million global mobile subscribers and a $30 million contract with the Space Development Agency for tactical broadband, giving the stock more than one operating metric for investors to watch.
$186.7 million was Intuitive Machines’ first-quarter revenue, after it tripled from the prior year, while backlog ended the quarter at over $1.1 billion. About 60% of that backlog is expected to convert into revenue this year, and the company also said it had $429 million in new contracts earlier this year plus a $180 million commercial lunar payload services contract from NASA.
Courtney Carlsen holds positions in Intuitive Machines, making the stock part of the pre-IPO trade setup around SpaceX rather than a pure concept play. If SpaceX is priced near the top of the private market, the listed names already tied to launch, lunar work, and direct-to-cellular service become the quickest way public investors can express a view on the sector.
Courtney Carlsen watches listed names
1972 is the last year a U.S. lunar landing preceded Intuitive Machines’ later mission, and that milestone still gives the company a rare operating reference point inside the public space market. With SpaceX’s IPO expected on June 12, the trade now shifts to whether investors prefer satellite broadband exposure through AST SpaceMobile or lunar infrastructure and contract revenue through Intuitive Machines.
