The SpaceX IPO Could Raise $75 Billion. History Suggests This Stock Will Be a Bigger Winner Than SpaceX Itself.

SpaceX is preparing what could be the largest IPO ever, targeting roughly $75 billion and a valuation between $1.75–$2 trillion. The article argues most IPO proceeds flow downstream into infrastructure vendors rather than producing the biggest long-term winners, and positions Nvidia (NVDA.OQ) as the primary beneficiary — particularly for GPUs used in Starlink, Starship development, orbital data centers and AI workloads. While SpaceX stock may see post-IPO volatility and insider sell-offs, Nvidia’s near‑monopoly in AI accelerators, CUDA ecosystem and networking stack make it a structurally recurring supplier likely to capture significant spending. Investors seeking multiyear exposure to the AI-space buildout may prefer infrastructure enablers like Nvidia over the headline IPO itself.