SpaceX’s market cap surged past $2 trillion after its $75 billion IPO, the largest in history, but analysts caution on valuation risks.
SpaceX completed its initial public offering last week, raising $75 billion and nearly tripling Saudi Aramco’s previous IPO record. The stock jumped 20% on its first trading day, pushing the company’s market capitalization beyond $2 trillion and into the top 10 U.S. publicly traded firms.
The IPO’s scale and early performance contrast with skepticism over SpaceX’s valuation. The company’s $28.5 trillion total addressable market estimate for space-enabled solutions has drawn growth investors, but critics argue the stock may be overvalued without clearer near-term results.
Shares rose on debut, reflecting enthusiasm for SpaceX’s ambitions in space, AI, and satellite communications. However, analysts urge caution, noting reliance on long-term projections and Elon Musk’s vision for interplanetary expansion.