By Adam Spatacco
Publication Date: 2026-06-08 00:00:00
According to freshly published details, SpaceX is pricing its upcoming initial public offering (IPO) at $135 per share and plans to offer 555.6 million shares. This implies that the SpaceX IPO would raise $75 billion — the largest of any company in history.
Investors already know that some of SpaceX’s IPO proceeds are earmarked for chip procurement from Nvidia and for the build-out of its own Terafab fabrication facility. Moreover, the company’s S-1 filing also references a clear appetite for acquisitions.
While Wall Street continues to speculate about a potential merger with Tesla, I think a more compelling and overlooked opportunity is hiding in plain sight in Nokia (NOK 13.48%). Let’s unpack why acquiring Nokia could make strategic sense for SpaceX as the company pursues its goal of building an end-to-end sovereign AI platform.
Image source: The Motley Fool.
Why SpaceX could be interested in Nokia
Regarding advanced computing capabilities, SpaceX’s procurement playbook is already clear. The company is building its own custom silicon through the Terafab initiative while also maintaining a relationship with Nvidia for training and inference infrastructure.
In addition, SpaceX acquired xAI — the maker of the Grok generative model — to further consolidate artificial intelligence (AI) development under one roof. Lastly, the company is also in the process of potentially acquiring Cursor to extend its reach toward developer tooling.
As a former mergers and acquisitions…
