X.Noah

$SPCX — CatalystCatcher Brief As of: 2026-06-15 Window: last 30 days SNAPSHOT Ticker: $SPCX · IPO closed Jun 15: 638.9M Class A shares @ $135 (full greenshoe); Nasdaq trading began Jun 12 · First day close $160.95 (+19% vs IPO price); second session Jun 15 close $192.50 (+19.6% vs prior close); ~43% above IPO price · ~$75B raised — largest IPO on record · Google GPU supply deal: SpaceX provides ~110k NVIDIA GPUs; Google pays $920M/month Oct 2026–Jun 2029; delivery by Sep 30, 2026 · Musk 366-day lock-up; staggered releases for other holders tied to post-IPO earnings · Next: Sep 30, 2026 — Google GPU delivery deadline; first public quarterly results TBD (https://t.co/wGsb8e8TD2 IR) OFFICIAL — IPO & listing IPO closing (SEC filing, Jun 15, 2026) FACTS · Completed IPO of 638,888,888 Class A shares @ $135.00 per share (underwriters exercised greenshoe in full) · ~103M outstanding Series Preferred converted to Class A or Class B common on Jun 15, 2026 · Net proceeds intended for AI compute infrastructure, launch infrastructure/vehicles, satellite constellations, general corporate purposes · Underwriting Agreement dated Jun 11, 2026 with Goldman Sachs, Morgan Stanley, BofA, Citigroup, JPMorgan as representatives Cite: https://t.co/gSPKS1kDLh Offering terms (SEC filing, Jun 11, 2026) FACTS · 555,555,555 primary Class A shares @ $135.00; greenshoe 83,333,333 shares (100% primary) · Trade date Jun 12, 2026; closing date Jun 15, 2026 · Listed on Nasdaq and Nasdaq Texas under SPCX · Joint bookrunners include Goldman Sachs, Morgan Stanley, BofA, Citigroup, JPMorgan, Barclays, Deutsche Bank, RBC, UBS, Wells Fargo Cite: https://t.co/OHYtaPWbUj Lock-up structure (SEC registration materials, Jun 2026) FACTS · Elon Musk: 366-day lock-up on founder shares · Select investors, officers, directors: staggered release of a portion starting after Q4 2026 earnings through Q2 2027 earnings · Other shares: staggered early release starting after Q2 2026 earnings; 180-day base lock-up from IPO date Why it matters: Defines public-float supply timeline for a controlled-company IPO. Cite: https://t.co/sTuV6OJspR OFFICIAL — Material contracts Google GPU supply agreement (SEC filing, Jun 5, 2026) FACTS · SpaceX entered Cloud Service Agreement with Google LLC; SpaceX provides compute capacity, Google is customer · Capacity includes ~110,000 NVIDIA GPUs, CPUs, memory, and related components · Google pays SpaceX $920M/month from Oct 2026 through Jun 2029; capacity ramps through Sep 2026 at a reduced fee · SpaceX must deliver committed GPU access by Sep 30, 2026 (one-month grace period; Google may terminate or accept pro rata reduction) · After Dec 31, 2026, either party may terminate on 90 days' notice Why it matters: Largest disclosed near-term external revenue contract for the AI segment. Cite: https://t.co/9qcbGXhuCv OFFICIAL — Corporate Post-IPO governance & disclosure (SEC filing, Jun 15, 2026) FACTS · Restated Certificate of Formation and Amended Bylaws effective Jun 15, 2026 · A&R 2024 Equity Incentive Plan adopted: 300,894,150 Class A shares available for new awards · Second A&R 2017 ESPP adopted: 24,026,920 Class A shares available · Company intends to announce material information (including quarterly/annual results) primarily via https://t.co/wGsb8e8TD2 investor relations and @SpaceX — not via Business Wire or similar wire services Cite: https://t.co/gSPKS1kDLh Employee equity registration (SEC filing, Jun 12, 2026) FACTS · Form S-8 registers shares under 2024 Plan, outstanding options/RSUs, 2017 ESPP, and legacy equity plans Cite: https://t.co/L25vorlu2P EXECUTIVE STATEMENTS — Company IPO day — Musk & Shotwell (wire report, NBC News, Jun 12, 2026) Quote (Musk, Nasdaq opening): "I gave SpaceX a less than 10% chance of succeeding at all" … "We want to be able to take anyone who wants to go to the moon, anyone who wants to go to Mars, or anywhere in the solar system." Quote (Shotwell, CNBC as cited): "I do not want to focus on quarterly earnings" … investors should expect long-term, futuristic execution. FACTS · IPO filing allocated ~30% of offering to retail via Fidelity, E-Trade, Schwab, SoFi, and similar platforms Cite: https://t.co/rayDSoxF7y INDUSTRY MEDIA First trading day (wire report, NBC News, Jun 12, 2026) FACTS · Opened at $150; closed at $160.95 (+19% vs $135 IPO price) · Intraday gain exceeded 30% at peak; market value briefly exceeded $2.25T · Offering raised ~$75B; Goldman Sachs lead underwriter among syndicate of 10+ banks Cite: https://t.co/rayDSoxF7y Second trading session (industry media report, Yahoo Finance, Jun 15, 2026) FACTS · June 15 close $192.50 (+19.6% vs prior close $160.95); open $171.81; session range $168.36–$192.95 · Volume ~244M shares; cumulative gain since $135 IPO price exceeded 40% after second session Cite: https://t.co/F4kPTehREw UPCOMING · Sep 30, 2026 — Google GPU delivery deadline (SpaceX as provider) · Oct 2026 — Google monthly payments to SpaceX begin ($920M/month through Jun 2029) · After Q2 2026 earnings release — earliest staggered lock-up releases (other shareholders) · After Q4 2026 earnings — staggered lock-up releases (select investors/officers/directors) · First public quarterly financial release — date TBD; monitor https://t.co/wGsb8e8TD2 IR and @SpaceX Contract cite: https://t.co/9qcbGXhuCv IR cite: https://t.co/gSPKS1kDLh EARNINGS ANCHORS (from SEC registration statement — still valid pending first public earnings release) FY2025 consolidated: revenue $18.67B; loss from operations $(2.59)B; Adjusted EBITDA $6.58B; net loss $(4.94)B Q1 2026 (Mar 31): revenue $4.69B; loss from operations $(1.94)B; Adjusted EBITDA $1.13B; net loss $(4.28)B Q1 2026 segments: Space revenue $619M; Starlink subscribers 10.3M (ARPU $66/month); Connectivity segment operating income $1.19B Cite: https://t.co/sTuV6OJspR NEXT CC SUGGESTED · Sep 30, 2026 — Google GPU delivery deadline · Or: after first public quarterly release on https://t.co/wGsb8e8TD2 IR / @SpaceX, or new SEC filing ATTRIBUTION No price feed. Official: SEC direct .htm (8-K, FWP, S-1/A, S-8). Third-party: wire (NBC News), industry media (Yahoo Finance). Reuters/Bloomberg skipped (bot/paywall). #CatalystCatcher #CC_SPCX