The SpaceX (SPCX) IPO (Initial Public Offering) has created quite a stir in the market. In the weeks ahead of the IPO, the market experienced quite a liquidity drain from various sectors. Cryptocurrencies and other high-risk assets saw substantial outflows. Even major stocks like Micron (MU) saw price dips ahead of the SpaceX IPO (Initial Public Offering). Let’s discuss if MU is actually under threat from SPCX.
Difference Between SpaceX And Micron
Firstly, while SpaceX is primarily a space venturing rocket company, it also has ties to AI. SpaceX acquired fellow Elon Musk company xAI earlier this year. Hence, while the company has a focus in space technology, it is also involved in the AI sector. This puts SpaceX in some competition with Micron (MU).
While both companies are involved in the AI sector, their services are vastly different. SpaceX’s xAI is behind X’s generative AI chat Grok. The company also boasts an incredibly capable data center with more than 220,000 Nvidia GPUs. SpaceX and Google recently signed a deal which will lead to the latter paying $920 million per month to the former for for AI compute capacity.
Micron (MU), on the other hand, manufactures memory chips that are essential for AI. The company’s High-Bandwidth Memory (HBM) are absolutely crucial for AI accelerators, such as Nvidia GPUs.
Which Stock To Buy?
Micron (MU) has been one of the hottest stocks in the US market in 2026. MU’s price climbed to an all-time intraday high of $1089.29 earlier this month. However, the SpaceX IPO likely led to a liquidity drain given the anticipation among investors. While both company’s are on different paths, their AI ventures are one area of commonality.
Now coming to which stock may perform better, let’s look at it like this: SpaceX (SPCX) does not build AI chips. They use Nvidia chips, which in turn use Micron (MU) components. This makes Micron an essential component in the chain.
Also Read: Worried About An AI Stock Bubble? Here’s How To Stay Safe
Nonetheless, many also worry that the AI sector could be experiencing a dot com bubble-like situation right now. Taking proper steps to protect your investments is of the utmost importance. Make sure to do proper research and diversify your portfolio.