SpaceX’s IPO Sentiment Gave Navitas a 5% Pop—But Its AI Infrastructure Play Is The Real Win

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By: Oliver Hawthorne

Investors held their breath for SpaceX’s IPO. The $1.77 trillion valuation was a test for growth tech. Would the market buy into sky-high valuations? Friday’s 19.2% close answered yes. That optimism lifted Navitas Semiconductor, a high-growth tech player, by 5.3%.

Navitas outpaced the S&P 500 (0.5% gain) and Nasdaq (0.6%) that day. Its stock is up 227.5% year-to-date in 2026. NVTS Stock Card Options traders showed bullishness—calls led flow, and implied volatility stayed high. Average daily volume hit nearly 33 million, so this wasn’t a fluke. Navitas’s market cap stands at $5.19 billion.

SpaceX isn’t just rockets and Starlink. It’s building AI compute infrastructure. Navitas makes power semiconductors for high-efficiency conversion—exactly what AI hardware and data centers need. If SpaceX spends big on AI scaling, Navitas could see sustained demand. This isn’t just a sentiment pop; it’s a glimpse of a long-term commercial tie.

Author bio: Oliver Hawthorne, Principal Correspondent at an international tech review, covering semiconductor and space tech intersections.