Investors Buy SpaceX Suppliers Ahead of Nasdaq IPO

SpaceX is expected to list on the Nasdaq on June 12, targeting a valuation of about $1.8 trillion and the proposed ticker SPCX. The company plans an unusually large retail allocation for the offering. Ahead of the IPO, some investors are purchasing shares of public companies that supply parts for SpaceX rockets, satellites and Starlink terminals.

SpaceX accounted for roughly 87% of U.S. space launches in 2025 and completed 170 orbital launches last year. The company built much of its technology in-house during its early years after difficulties sourcing parts, so the outside vendors it does use are closely integrated into its supply chain.

Materion, an Ohio-based advanced-materials firm, supplies niobium metal and other specialty materials used in extreme-temperature environments, including rocket-engine components. The company’s market value remains below $5 billion. Materion shares have risen about 180% over the past 12 months. Analyst Ed Ponsi projected a technical target of $275 for the stock.

Carpenter Technology, based in Philadelphia, provides high-performance specialty metals used on Starship and other spacecraft. The company has historical ties to the U.S. space program dating to the Apollo era. Carpenter shares have climbed about 93% over the past year and recently reached record highs. Ponsi set a $525 technical target for Carpenter and disclosed a personal long position in the stock.

STMicroelectronics, listed in the U.S. as STM, is a Geneva-based semiconductor group that has supplied SpaceX for about a decade. Its products for SpaceX include radio-frequency antenna chips, microcontrollers and secure elements for Starlink terminals. STM shares have gained about 147% so far this year. Technical indicators have shown overbought readings for several weeks, and Ponsi suggested a pullback toward $56.50 could present a more attractive entry point.

Market participants say momentum and technical factors have contributed to recent gains in these supplier stocks. Interest in these names increased ahead of SpaceX’s IPO filing and expected listing as some investors consider indirect ways to gain exposure to the company’s growth.