SpaceX Debuts on Nasdaq with 19% Surge, Market Cap Hits $2.11 Trillion; Musk Signals Nvidia Collaboration Upgrade

SpaceX listed on Nasdaq on Friday, June 12, with shares surging 19% on the IPO debut day, bringing the company's market valuation to $2.11 trillion. The listing made Musk the world's first billionaire to exceed $1 trillion in personal wealth. On the same day, Nvidia posted congratulations on X, and Musk responded by expressing his eagerness to advance cooperation with the chipmaker to "the next level."

The collaboration signals SpaceX's strategic push into space-based AI computing. SpaceX has disclosed its AI1 satellite, purpose-built for AI computation with peak capacity of 150 kilowatts per unit. According to pre-IPO filings, SpaceX has already secured major GPU deployments: a deal with Google involving roughly 110,000 Nvidia GPUs at $920 million monthly, and a larger contract with Anthropic covering 220,000 Nvidia GPUs (including H100, H200, GB200 models) at $1.25 billion monthly.