Three stocks that could benefit from SpaceX's IPO

SpaceX is preparing what it describes as the largest initial public offering (IPO) in history this summer, targeting $75 billion in capital at a $1.75 trillion valuation. The proceeds could enable the company to expand capital expenditures, with potential knock-on effects across the aerospace supply chain. The IPO also appears to be boosting sentiment in other aerospace-related stocks.

Alphabet: potential value uplift from SpaceX stake

Alphabet invested $900 million in SpaceX at the start of 2015. Although its stake has been diluted over time due to share-based compensation and SpaceX’s merger with xAI, Alphabet still holds a meaningful position. As of the end of 2025 (before the xAI merger), it owned 6.11% of SpaceX’s shares, and the article estimates it likely holds around 5% of the merged company today.

At a $1.75 trillion IPO valuation, a roughly 5% stake would be worth about $87.5 billion. The article notes Alphabet is likely to face a lockup period after the IPO, which would require it to hold the position for several additional months, though it could potentially sell some shares afterward.

For Alphabet, the opportunity is framed as primarily driven by the value of its stake. The article also points to the company’s ability to sell shares and redeploy capital into high-return opportunities, such as AI data centers, and cites Alphabet’s valuation at about 27 times forward earnings as a reason the stock may look attractive.

Intel: Terafab financing and a major foundry customer

Intel is described as a key partner for Terafab, a joint venture between SpaceX and Tesla intended to increase chip supply capacity. The article says Terafab is designed to address a gap between rising demand for chips from SpaceX and Tesla and the pace at which existing manufacturing partners can expand capacity.

The article links the planned $75 billion raised in the SpaceX IPO to potential financing for Terafab, which it says could cost $119 billion over several years, based on filings made in Texas. It also states that Terafab will use Intel’s 14A fabrication process, giving Intel a major customer for its next-generation process.

Intel is characterized as having been considering shutting down its foundry business about a year earlier if it could not secure a major customer. With SpaceX and Tesla bringing substantial capital, the article argues Intel could benefit from a more reliable customer base and improved ability to scale its foundry operations over the long run.

Linde: industrial gas demand tied to Starship launch cadence

Linde is presented as a leading industrial gas provider for rocket launches in the United States, supplying 65% to 75% of all launches. The article also notes Linde’s relationship with SpaceX, including the opening of a $100 million facility in Texas earlier this year to support Starbase operations.

SpaceX is currently testing its third version of Starship, described as a fully reusable space vehicle. The article says this could enable shorter turnaround times between launches compared with the current Falcon 9 fleet and that Starship is significantly larger, capable of carrying more freight. More frequent launches and larger rockets would increase fuel demand, and the article expects Linde to supply the additional demand.

While aerospace is described as a smaller portion of Linde’s overall business, the article cites management commentary indicating strong double-digit percentage growth in gases for the industry during its most recent quarter. It also says this helped the manufacturing end market grow 5% overall. With more SpaceX launches—and potentially increased competition for launches—the article expects Linde to steadily grow revenue and expand margins as demand rises.

At 28 times forward earnings, however, the article characterizes the stock as expensive and suggests investors may seek a better entry point as enthusiasm around space stocks cools after the SpaceX IPO.