---
title: "Industrials Up as SpaceX Prices IPO - Industrials Roundup"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289517221.md"
description: "SpaceX priced its record-breaking IPO at $135 per share, driving up shares of industrial and transportation companies. Meanwhile, Dana agreed to a $5.1 billion merger with Eaton's Mobility business to enhance supplier capabilities. In political news, U.K. Defense Secretary John Healey resigned citing departmental cash shortfalls."
datetime: "2026-06-11T21:30:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289517221.md)
  - [en](https://longbridge.com/en/news/289517221.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289517221.md)
---

# Industrials Up as SpaceX Prices IPO - Industrials Roundup

Shares of industrial and transportation companies surged after SpaceX priced its initial-public offering.

The rocketry and artificial-intelligence concern will sell shares at $135 apiece, as planned, making it the largest IPO on record. "We're long-term believers of the company's potential as it combines unmatched launch scale, a proven monetization engine in Starlink, growing national security relevance, and long-duration optionality in AI compute and orbital infrastructure," said Tejas Dessai, director of thematic research at money manager Global X, in a note to clients. "That said, valuation is likely to be viewed as rich and may already discount a meaningful share of future success."

Auto-parts maker Dana agreed to combine with Eaton's Mobility business in a $5.1 billion deal, aiming to create a more comprehensive supplier serving commercial- and light-vehicle markets.

U.K. Defense Secretary John Healey resigned Thursday in the face of what he called a shortfall in cash for his department.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 11, 2026 17:23 ET (21:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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