SpaceX Enters Ranks of World’s Most Valuable Companies Following Successful Debut
Investors welcomed SpaceX’s stock market debut with enthusiasm, pushing the company’s valuation above $2 trillion. After raising $75 billion in the largest initial public offering (IPO) to date, SpaceX began trading under the ticker SPCX at $150, an 11% premium over its IPO price of $135. The stock peaked at $176.52 during the session before closing at $160.95, marking a nearly 19% increase from the offer price.
Market Position and Valuation
With a market value of approximately $2.1 trillion at Friday’s close, SpaceX now ranks as the seventh most valuable publicly traded company globally. It trails Taiwan Semiconductor Manufacturing Co. (TSMC), valued at $2.9 trillion. Nvidia leads the list with a market capitalization of $4.72 trillion, followed by Alphabet at $4.15 trillion, Apple at $4.06 trillion, Microsoft at $2.76 trillion, and Amazon at $2.44 trillion.
Investor Demand Drives Debut
Investor interest was robust, with over 500 million shares changing hands on its debut, nearing Facebook’s first-day trading volume of about 580 million shares in 2012. The momentum continued after the market closed, with SpaceX shares climbing nearly 3.5% to $166.76 in extended trading. This post-market activity added approximately $80 billion to the company’s market capitalization, bringing it to around $2.2 trillion.
Musk’s Fortune Surges
The successful debut also significantly impacted Elon Musk’s personal wealth, elevating his net worth to $1.11 trillion and making him the world’s first trillionaire. His fortune now surpasses the combined wealth of notable billionaires including Larry Page, Sergey Brin, Jeff Bezos, and Larry Ellison, whose total stands at $1.089 trillion. The stock’s popularity was fueled by both institutional and retail investors, with retail traders particularly eager to invest in Musk’s flagship company.
Losses Fail to Deter Investors
Despite being loss-making, SpaceX’s future prospects appear to have captivated investors. The company reported 2025 revenue of $18.67 billion alongside a net loss of $4.94 billion. Investors seem more focused on potential growth in satellite broadband, launch services, defense contracts, and AI-related ventures. Regulatory filings indicate that Musk will maintain effective control of SpaceX post-IPO, holding about 82.4% of voting rights through Class B shares. Public investors will own Class A shares, which carry one vote each.
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