SpaceX IPO and OpenAI-Oracle Partnership Ignite AI Industry on June 11 2026

On June 11, 2026, SpaceX sets the stage for the largest initial public offering (IPO) in history, pricing its shares at $135 each, while OpenAI announces a groundbreaking partnership with Oracle Cloud. These developments signal a new era of growth and integration in the AI industry.

SpaceX IPO: A Record-Breaking Event

SpaceX prices its IPO at $135 per share, aiming to raise approximately $75 billion. This values the company at around $1.77 trillion, surpassing Saudi Aramco's 2019 listing. Trading begins on Nasdaq under the ticker SPCX on Friday, June 12. Goldman Sachs leads a 21-bank syndicate, with 30% of the float allocated to retail investors through platforms like Robinhood, Fidelity, and Charles Schwab. Elon Musk retains full voting control through a dual-class structure and does not sell any shares.

Revenue Drivers and Valuation

Starlink, SpaceX's satellite internet service, generated $11.4 billion in revenue and $4.4 billion in segment operating income in 2025. The company also absorbed xAI in an all-stock deal in February 2026, valuing the combined entity at $1.25 trillion. Analysts caution that the high valuation leaves no room for error, with the stock priced at 100x trailing revenue.

OpenAI and Oracle: A Strategic Alliance

OpenAI announces that enterprise customers can now access its frontier AI models and Codex through their existing Oracle Universal Credits (UCM). This partnership allows Oracle Cloud Infrastructure (OCI) customers to deploy OpenAI technology without creating a separate procurement channel. The availability is expected to go live in the coming weeks, and Oracle customers should contact their sales representatives for details.

Context and Implications

The collaboration between OpenAI and Oracle dates back to the Stargate project, launched in January 2026, which involves a $500 billion infrastructure commitment. This move turns the infrastructure investment into an enterprise distribution channel, significantly reducing procurement friction. Industry experts believe this partnership will accelerate enterprise AI adoption more than any benchmark improvement.

Anthropic Prepares for Public Offering

Anthropic confidentially submits a draft registration statement on Form S-1 with the US Securities and Exchange Commission, targeting a potential public offering near its most recent $965 billion post-money valuation. The company recently closed a $65 billion Series H round, the largest private AI fundraise in history. Anthropic reports a run-rate revenue of $47 billion as of May 2026 and expects it to surpass $50 billion by the end of June 2026. The company is also approaching its first profitable quarter.

References

• AI News June 11, 2026: 12 Biggest Stories Today