Micron (MU) is one of the hottest stocks in the US market right now. The asset has seen incredible gains over the last few months, hitting a new all-time high of $1,089.29 on June 3, 2026. MU’s surge is mostly driven by demand for its High Bandwidth Memory (HBM) for AI infrastructure. While the company is not directly involved in AI, its storage solutions are extremely crucial for the AI sector. While Micron (MU) has seen substantial gains off late, let’s discuss if the entry of Elon Musk’s SpaceX, with its upcoming IPO, will shake up its market.
Will SpaceX IPO Challenge Micron’s (MU) Momentum?
SpaceX may be a primarily a space venturing company. However, the firm acquired Musk’s xAI company earlier this year. The acquisition makes SpaceX indirectly part of the AI sector, if not directly. SpaceX’s highly anticipated IPO is expected to be among the biggest in US history and is sure to stir the market. SpaceX going public could also have an impact on Micron (MU).
Micron (MU) is expected to continue its upswing in the coming months. However, the company could face supply issues due to the US-Iran conflict. Investors may take the opportunity to divest from MU and move their funds to SpaceX instead. Such a liquidity drain could negatively impact Micron’s price. The SpaceX IPO could soak up substantial market capital which could challenge MU’s momentum. The IPO has significant hype and investors are eagerly waiting to participate.
Also Read: If Micron Reached Nvidia’s Market Cap, MU Stock Will Reach This
Despite the possibility of a liquidity drain, SpaceX and Micron are not competitors. SpaceX may offer AI services, it is not in the hardware business. Micron, on the other hand, caters to the hardware needs of the AI industry. Hence, even if there is some liquidity drainage, things may balance out eventually.
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