On June 12, 2026, SpaceX made its historic debut on the Nasdaq with the largest initial public offering (IPO) ever witnessed, surging by 29% at the market's opening and amassing a staggering total of $75 billion. However, this milestone was met with a widespread sell-off in US aerospace-related stocks. Intuitive Machines witnessed a 16% decline, Planet Labs saw an 11.9% drop, Rocket Lab's shares fell by 12.5%, Satellogic experienced a 15.7% decrease, Virgin Galactic plummeted by 34.3%, and Redwire also suffered a 12.5% downturn. Financial data revealed that while SpaceX's revenue had been growing steadily, the company had been operating at a loss for an extended period, reporting a net loss of $4.28 billion in the first quarter of 2026 alone. Among its three primary business segments, the satellite internet venture, Starlink, stood out as the sole profitable division. Furthermore, SpaceX had made significant strides in deploying resources within the artificial intelligence sector, marked by a sharp increase in capital expenditures.