SpaceX debuts as the only company to reach a $2 trillion market cap on its first trading day, now valued at $2.5 trillion.
SpaceX completed its record-breaking IPO, raising $75 billion and expanding to $85.7 billion after underwriters exercised overallotment options. The company closed its first trading day with a $2 trillion market cap, a historic milestone for debut valuations.
No other company has matched SpaceX’s IPO valuation, though Meta Platforms previously set a high bar at $104 billion before shares declined 30% in its first year. Meta later recovered, delivering a 1,400% gain and reaching a $1.44 trillion market cap.
Shares of SpaceX briefly surpassed $200 in pre-market trading, pushing its valuation to $2.5 trillion and making it the fifth-most-valuable company globally. The stock now trades without the initial hype, leaving investors to assess its long-term trajectory.