SpaceX priced its IPO at $135 per share on June 11, raising $75 billion — the largest offering in market history, more than 2.5x Saudi Aramco's 2019 record. The company begins trading today on Nasdaq under SPCX at a $1.77 trillion implied valuation, which places it above every semiconductor company on earth. The relevant compute layer: SpaceX's February 2026 merger with xAI folded in the Colossus data center — 220,000 Nvidia GPUs across 300 megawatts of power — alongside a contract with Anthropic worth $1.25 billion per month, or roughly $40 billion over the life of the agreement.
The S-1 does not disaggregate compute, Starlink, or launch into standalone segments, so buyers this morning are underwriting all three at once without a clean multiple on any of them individually. Starlink is the only segment posting consistent GAAP operating profit ($4.4 billion on $11.4 billion in 2025 revenue). The orbital AI compute ambition — AI1 satellites with 120–150 kW compute payloads — does not yet exist at commercial scale. The market will decide today whether that ambition trades at a compute multiple, a satellite multiple, or something else entirely. Watch the opening print and whether SPCX closes above $135 — the price at which institutional investors accepted the bundled thesis.
Anthropic and DXC Technology announced a multi-year global alliance to deploy Claude models inside mission-critical enterprise systems at the world's largest banks, airlines, insurers, manufacturers, and government agencies. DXC becomes a Global Premier partner in the Claude Partner Network and has committed to training tens of thousands of Claude-certified engineers. Initial deployments target insurance, cybersecurity, and application modernization; DXC reported a 10x acceleration in software delivery on its OASIS platform using Claude, with more than 95% of code generated by the model. The structural implication for the compute stack: large-scale enterprise agentic deployments routed through a major IT services integrator represent a new distribution channel for inference volume — demand that ultimately lands on the GPU and accelerator infrastructure Anthropic runs on.
TSMC reported May 2026 revenue of $13.25 billion, up 30% year-over-year and 1.5% sequentially from April, with high-performance computing — including AI accelerators — at roughly 60% of revenue. The sequential acceleration suggests AI-driven demand is sustaining, not plateauing, heading into the second half.
AMAT raised its full-year 2026 semiconductor equipment growth forecast from above 20% to above 30%; Cantor Fitzgerald lifted its price target to $650. The revised forecast signals that equipment suppliers are seeing durable multi-year capex commitment from chip manufacturers — not a front-loaded build that burns off in the near term.
Nasdaq's June 2026 quarterly rebalance, announced after market close on June 11, adds CoreWeave, Nebius, and Astera Labs to the Nasdaq-100 alongside Rocket Lab and Teradyne, effective June 22. CoreWeave and Nebius jumped 7–8% in after-hours trading; Astera Labs gained approximately 5%.
Three pure-play AI compute infrastructure companies entering the index in a single quarterly cycle is a structural marker: passive funds, ETFs, and rules-based strategies tracking the NDX become required buyers at the June 22 open. That creates a structural bid for what were, until recently, venture-grade assets. The accumulation window runs from now through June 21.
SpaceX (SPCX) opens for trading on Nasdaq. IPO priced at $135/share, $1.77 trillion implied valuation. Today's opening print is the market's first public statement on what AI-embedded aerospace infrastructure is worth. Watch whether SPCX closes above the $135 IPO price and how the compute segment assets are discussed in morning analyst coverage.