SpaceX Wins 3 Investment-Grade Ratings After IPO as Valuation Tops $2 Trillion
Updated
Updated · Reuters · Jun 18
SpaceX Wins 3 Investment-Grade Ratings After IPO as Valuation Tops $2 Trillion
3 articles · Updated · Reuters · Jun 18
Summary
Moody's, Fitch and S&P each assigned SpaceX investment-grade ratings with stable outlooks on Thursday, a post-IPO endorsement of the company's credit quality.
Moody's rated it Baa1, Fitch BBB+ and S&P BBB, signaling moderate credit risk and sufficient capacity to meet financial obligations.
S&P said SpaceX's space and connectivity businesses are strong, but flagged uncertainty in its AI unit because of heavy capital needs and intense competition.
Shares fell 1.1% in extended trading after closing nearly 4% lower, even as SpaceX's valuation climbed above $2 trillion following last week's Nasdaq debut.
Can SpaceX's new AI cloud service truly challenge giants like Amazon, or is it a costly distraction from its space business?
With Elon Musk's near-total control, are investors funding an AI revolution or a potential corporate governance disaster?
SpaceX’s Historic $2 Trillion IPO: Financial Impact, Starlink’s Role, and the Challenge of Musk’s Autocracy
Overview
SpaceX’s record-breaking IPO in June 2026, following its merger with xAI, instantly made Elon Musk the world’s first trillionaire and set a new standard for tech listings. The company’s shares soared, drawing in both major and everyday investors as SpaceX became a core part of the broader market. While Starlink’s profitable satellite internet business anchors the company, the integration of xAI brings heavy costs and financial pressures. SpaceX’s bold financial moves, including significant Bitcoin holdings and plans for future equity issuance, highlight both its innovative approach and the risks investors face as the company pursues ambitious projects in space and artificial intelligence.