Tesla (TSLA.US) Cybertruck wins big money! SpaceX Big Order Rumors Spark “Cyber-Style Electric Pickup” Growth Narrative

The Zhitong Finance App learned that a recent report by Electrek shows that SpaceX has always been an important buyer of Tesla's “cyberstyle electric pickup truck” Cybertruck, and is also one of the biggest buyers. Electrek editor-in-chief Fred Lambert reports that this space exploration superunicorn — SpaceX, a space launch company also founded and headed by Musk, may have purchased a CyberTruck worth tens of millions of dollars.

For some long-term Tesla stock bulls, this growing bundling between Tesla and SpaceX is the key to boosting Tesla's valuation. This also means that “Musk's premium” will continue to expand. After all, for the market, currently betting on Musk's “super bold commercial vision” comparable to a sci-fi movie has and only one way to invest: buy Tesla (TSLA.US) stock.

Editor-in-chief Electrek said that SpaceX is probably one of the largest buyers of Tesla Cybertruck, and that these tens of millions of dollars of purchases may not be a one-time transaction, because sources told Electrek that SpaceX will probably increase the purchase volume of CyberTrucks that cost more than 80,000 dollars to an astonishing number of more than 2,000 vehicles over a period of time.

Cybertruck was initially positioned as a high-production project. Elon Musk once said that the final production capacity was about 250,000 vehicles per year, while some optimists modeled and predicted that 300,000 to 500,000 vehicles would be sold every year. However, automobile industry statistics show that Tesla only sold about 39,000 Cybertrucks in 2024, and recent reports say that sales did not improve significantly in 2025, and sales may shrink, so Cybertruck inventory is accumulating.

For 2026, analysts who are bullish on Tesla's stock price are no longer modelling Cybertruck as a production capacity climbing close to the predicted level of 250,000 vehicles initially anticipated; instead, it is beginning to be viewed by some analysts as a niche or low-yield product, which is likely to be flat or only moderately growing compared to 2025.

Lambert pointed out that SpaceX's purchase of CyberTruck was legal. “Although early investors in SpaceX may be concerned about whether this is a very smart purchase and what the utilization rate of these cyber-style trucks will actually be,” he wrote in a report.

Needless to say, SpaceX's continued procurement of Cybertrucks can be described as an important marginal support for Tesla's “Cybertruck delivery scale expectations/inventory and sentiment.” If SpaceX successfully enters public trading in the US stock market through the largest IPO in history, and if the capital raised by the company continues to be used to purchase expensive Cybertrucks, Tesla is expected to receive a significant boost in terms of both the expected price-earnings ratio and the basic outlook for mid-term results.

In particular, if SpaceX proves that the Cybertruck it has purchased will be used in future large-scale space projects, such as the Cybertruck, which SpaceX and Tesla jointly updated and iterated, may have important uses in large-scale lunar landing transportation missions, Cybertruck may become a “super bull market narrative” at the Canbitra Model 3/Y level.

SpaceX heads for $1.5 trillion 'epic' listing in 2026

SpaceX has yet to officially submit an IPO application for US stocks, but it has sent a clear signal to investors and employees that it is expected to be successfully listed in 2026, and asked employees to enter the IPO silence period. In terms of the amount of capital raised, the scale of SpaceX's IPO is likely to be the largest in history.

According to media reports, people familiar with the matter revealed that SpaceX has informed employees that the company is entering a regulatory silence period, which marks another step forward for the rocket and satellite manufacturer towards an initial public offering scheduled for 2026. People familiar with the matter said that according to US Securities and Exchange Commission regulations, SpaceX requested employees not to comment, discuss, or promote the company's public offering plan (including topics such as its growth or valuation) in an internal email.

According to media reports citing information revealed by people familiar with the matter, SpaceX is speeding up its IPO plan and plans to raise more than 30 billion US dollars through fundraising. The company's valuation may reach about 1.5 trillion US dollars, which is expected to become the largest listing transaction in history.

In a memorandum learned last Friday, SpaceX confirmed that it is preparing a possible public offering in 2026, with the aim of funding the Starship rocket it is developing to achieve an “amazing launch frequency”, a large-scale artificial intelligence data center in space, and the construction of a lunar base. At the same time, the company stated that the exact timing of the IPO and the corresponding valuation are uncertain, and there is a possibility that it will eventually abandon the plan.

James St Aubin, Chief Investment Officer of Ocean Park Asset Management, said, “In today's technological revolution, it has all the signs of being the darling of the market. The space exploration and commercial space services it provides have a 'blue-sky outlook (blue-sky outlook) '. This allows some aggressive investors to sidestep any concerns about the valuation level while allowing predictions about their growth prospects to run wild.”

St Aubin said that by 2026, investors may discuss the so-called “Great Eight (Great Eight)” on the basis of investments from the “Magnificent Seven (the Magnificent Seven, Mag 7)” tech giants including Nvidia and Google, plus SpaceX.

Kardashev Type II Civilization

As the AI boom begins to be bottlenecked by increasingly large-scale infrastructure and energy supplies, the next major leap forward in artificial intelligence may not take place on land, but in space — this is Elon Musk's latest grand vision on X.

“In sun-synchronous orbit with low latency, a localized AI computing satellite that only transmits the calculation results back will be the least expensive way to generate AI bitstreams within three years. Furthermore, since the Earth's existing electricity resources are already scarce, the pace of large-scale expansion within four years is also far ahead. Launching 1 million tonne satellites every year, each equipped with 100 kilowatts of power, can add 100 gigawatts of artificial intelligence computing capacity every year, without any operation or maintenance costs, and connect to the Starlink constellation through high-bandwidth lasers.”

“Further, it is possible to build a satellite factory on the moon and use mass drivers (electromagnetic orbital guns) to accelerate artificial intelligence satellites to the speed of escape to the moon without the need for rockets. This will enable AI computing power to reach more than 100 terawatts per year and push humanity to take an important step towards the Kardashev II civilization (Kardashev II civilization).” Musk wrote in a post on X.

Some analysts said that the increasing bundling between Tesla and SpaceX, which is currently the hottest topic of discussion in the global market, is one of the key catalysts for boosting Tesla's valuation in the long term. Adam Sarhan, CEO of 50 Park Investments, said: “Judging from historical experience, when one company under Musk achieves a major milestone, it often boosts market sentiment among other companies. SpaceX's high-profile IPOs are likely to attract a new wave of investors, who will be drawn to Musk's innovative stories and sci-fi business visions—and this enthusiasm often spills over to Tesla.”

As it stands, Tesla is the only way for global stock market investors to bet on Musk's vision of space exploration. Musk is visualizing to investors a future where driverless cars, humanoid robot assistants, large AI data centers in space and even land on Mars. The problem is that currently there is only one way to bet on his extremely bold commercial vision: buy Tesla shares. However, the immediate risk lies in its stock price valuation, which is now close to dangerous territory.