Gene Munster Says SpaceX IPO Bottom Line Is: 'This Is A Generational Company' And 'One To Own' For The Next Decade

Gene Munster of Deepwater Asset Management said Wednesday that a SpaceX archetypal nationalist offering could get successful "early summer," a presumption that lines up with January reporting that Elon Musk's rocket and outer institution was weighing a mid-June 2026 listing.

Munster wrote connected X that "early summer" is his base-case timeline. His station came a time aft The Information reported that SpaceX was aiming to record its IPO prospectus with regulators aboriginal this week oregon adjacent week, citing a idiosyncratic with nonstop cognition of the plans.

— Gene Munster (@munster_gene) March 25, 2026

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A abstracted Financial Times study connected Wednesday said SpaceX had told investors it hoped to rise astir $75 cardinal successful the IPO and was targeting a valuation of astir $1.75 trillion, sharply supra the astir $50 cardinal and $1.5 trillion figures discussed earlier this year.

Munster said, "The archetypal period volition beryllium a gong amusement betwixt scale buying, meme optimism, and lock-up fears. Expect a monolithic spike retired of the gross earlier a pullback to ~$1.7T."

He besides said existent SpaceX holders, including Deepwater, apt would not payment from immoderate aboriginal index-related buying due to the fact that of the 180-day lock-up, which helium said chiefly offers liquidity six months later. "Long-term, this is simply a generational company, and if you person the luxury, 1 to ain for the adjacent decade," Munster wrote.

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Reuters said the imaginable listing is landing amid beardown capitalist appetite for abstraction assets, helped by little motorboat costs, expanding outer networks and increasing involvement successful orbital data-center infrastructure.

On Wednesday, Rocket Lab Corp shares roseate much than 10%, Planet Labs PBC climbed much than 11% and Tesla Inc, which shares a sizable retail-investor pursuing with SpaceX, edged higher. EchoStar Corp., which holds astir 3% of SpaceX equity, besides jumped 7.43% connected Wednesday, adding different 0.57% successful after-market hours.