SpaceX Has $100 Billion in Cash... Is It Enough?
Key takeaways
- Reuben Gregg Brewer, The Motley Fool Sun, June 28, 2026 at 10:35 PM GMT+7 3 min read SPCX Space Exploration Technologies Corp (NASDAQ: SPCX) raised $75 billion in its initial public offering (IPO) on June 12.
- The hype around SpaceX is huge, partly because of Elon Musk's involvement and partly because the company has achieved impressive milestones.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Reuben Gregg Brewer, The Motley Fool Sun, June 28, 2026 at 10:35 PM GMT+7 3 min read SPCX Space Exploration Technologies Corp (NASDAQ: SPCX) raised $75 billion in its initial public offering (IPO) on June 12. When you add in the overallotment given to the investment banks that helped with the IPO, that figure rises to $85.7 billion. Just days after the IPO, the company announced it would sell $20 billion in bonds, even though it already had $100 billion in cash on its balance sheet. It actually raised $25 billion from the bond sale, thanks to strong demand. Here's why all that cash won't last very long.
The hype around SpaceX is huge, partly because of Elon Musk's involvement and partly because the company has achieved impressive milestones. In fact, the company's Starlink cellular telecommunications business is profitable. The problem is that its rocket business and its artificial intelligence operations (AI) are not. So the company, overall, doesn't turn a profit, a fact clearly disclosed in the IPO prospectus.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »