SpaceX Begins Trading Friday as Strategic Tech Premium Tests Wall Street Valuation

According to CNBC, SpaceX starts trading on Friday (June 13) with a business model that blends defense, infrastructure and commercial operations, marking a test of how Wall Street prices 'strategic tech' companies. Roughly 20% of SpaceX's 2025 revenue came from U.S. federal government agencies, including 11 of 12 National Security Space Launch missions and all five NASA crew and cargo missions to the International Space Station.

The company operates 10,000 Starlink broadband and mobile satellites in low-Earth orbit, accounting for approximately 75% of all active maneuverable satellites globally as of March 31. Starlink had 10.3 million subscribers at that point, more than double the 5 million from a year earlier.