Além de Elon Musk: ações que podem sair vencedoras com o IPO da SpaceX
A estreia da SpaceX no mercado de ações já está provocando as habituais manchetes sobre a fortuna de Elon Musk.
Mas a questão mais interessante para investidores pode ser quais empresas listadas poderiam se beneficiar com isso.
Se a SpaceX for ao mercado por algo próximo às avaliações agora em discussão, o beneficiário mais evidente no mercado público seria Alphabet, que já é acionista da companhia.
Nvidia, por contraste, parece mais uma aposta de segunda ordem.
O gigante de chips se beneficiaria não com a listagem em si, mas com o quão agressivamente a SpaceX gastar em inteligência artificial após levantar novo capital.
SpaceX is targeting a $75 billion IPO and a valuation of up to $1.75 trillion, which would make it the largest listing in history.
Alphabet stock: The clearest winner
Alphabet has the strongest case as a direct beneficiary because it is not merely linked to SpaceX thematically, it is an actual shareholder.
Google and Fidelity invested about $1 billion in SpaceX and collectively own just under 10% of the company.
The exact size of Alphabet's current stake is not public, but that early investment gives it genuine ownership exposure to any repricing that comes with an IPO.
The gains are already visible as Alphabet's first-quarter profit was boosted by an $8 billion unrealized gain tied to an investment in a private company that a person familiar with the matter identified as SpaceX.
Nvidia stock is a supplier play
Nvidia's link to a SpaceX IPO is less direct, but still worth watching.
The company does not own a slice of SpaceX, so it would not gain from the listing in the same way Alphabet could.
Its upside depends on whether SpaceX uses new capital to push harder into AI infrastructure, especially after merging with Musk's xAI earlier this year.
Musk has repeatedly said that SpaceX AI and Tesla would continuariam a comprar chips da Nvidia "em grande escala", um sinal de que a Nvidia continua central para a infraestrutura de computação.
SpaceX's business is no longer just about rockets and satellites.
The company, which generated about $8 billion in EBITDA on $15 billion to $16 billion in revenue in 2025, is also leaning into AI initiatives after the xAI combination.
Who gains beyond the IPO pop?
The broader significance of a SpaceX IPO is that it could reshape how public investors think about exposure to the Elon Musk ecosystem.
A listing would offer direct access to a company that dominates commercial launches and satellite internet through Starlink.
That in turn creates different layers of opportunity in the stock market, for Alphabet as a direct owner, and Nvidia as a supplier that could ride any post-IPO surge in AI spending.