Ready, set, liftoff! SpaceX set to launch a blockbuster IPO, AI chip plan & rocket on June 12

SpaceX is preparing for a blockbuster IPO that could value Elon Musk’s rocket company at about $1.77 trillion, while also drawing new attention to its plans for AI chips and computing hardware, according to Yahoo Finance. The report stated that the offering is slated to launch Friday, June 12, with shares priced at $135 under the ticker SPCX.

The planned listing would make SpaceX the seventh-largest company in the U.S. and place it ahead of Tesla, another Musk-led company, according to Yahoo Finance. The filing highlights a business that is no longer just about rockets and satellites, but also about compute, data centers and long-term artificial intelligence goals.

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Terafab and the AI push

SpaceX’s S-1 filing says the company is developing Terafab, a chip manufacturing effort aimed at producing one terawatt of compute hardware each year, Yahoo Finance confirmed. Fox Business reported that Musk said Terafab will be two fabs in Austin, Texas, with one focused on Tesla chips and the other on chips for SpaceX’s space-based data centers.

Fox Business also reported that Musk said the project is meant to meet demand for computing power that the companies cannot get from outside suppliers. He added Terafab could eventually produce one terawatt of computing capacity a year, compared with about half a terawatt currently generated across the U.S.

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Nvidia’s role in SpaceX’s buildout

Nvidia is emerging as a key beneficiary of SpaceX’s AI data center plans. Yahoo Finance reported that SpaceX CFO Bret Johnson said the company’s AI data centers would use Nvidia GPUs, and that SpaceX’s Colossus 1 supercomputer runs on more than 220,000 Nvidia chips.

Yahoo Finance reported that Anthropic has agreed to run models on SpaceX’s Colossus 1 supercomputer, which has access to more than 300 megawatts of computing capacity. That deal reinforces how SpaceX’s expanding AI ambitions connect directly to the broader chip supply chain.

Yahoo Finance also added that Morgan Stanley analyst Joseph Moore kept a “Buy” rating on Nvidia and set a $288 price target, which the outlet said is 38% above the stock’s level at the time of publication.

The SpaceX IPO, Terafab project and Nvidia’s role together show how Musk’s company is trying to turn launch services into a wider technology platform built around AI infrastructure and advanced semiconductors.

SpaceX prepares morning liftoff

On the same day as its trading launch, SpaceX is set to launch a Falcon 9 rocket Friday morning from Cape Canaveral Space Force Station in Florida, carrying 29 Starlink satellites into orbit, according toFlorida Today. Liftoff is scheduled for no earlier than 8:27 a.m., with the launch window open until 12:27 p.m., according to the report.

The mission, called Starlink 10-54, will follow a northeast trajectory after launch, Florida Today reported. The rocket will lift off from Launch Complex 40.

This flight will mark Florida’s 40th launch of the year, which is behind last year’s record pace of 109 launches, according to Florida Today. The slower pace is linked in part to SpaceX using one Falcon 9 launch pad while Pad 39A at NASA’s Kennedy Space Center is being finalized for a Starship pad.