One week after its blockbuster IPO, Space Exploration Technologies (NASDAQ: SPCX) is already being valued far beyond just a rocket company.
At around $165 per share (as of the morning of June 22, 2026), SpaceX had a market value of nearly $2.2 trillion
The stock is currently around 22% above its IPO price of $135 per share and above the roughly $1.77 trillion valuation set at the time of the IPO. SpaceX initially sold 555.56 million shares at $135 each, raising $75 billion. Subsequently, the total amount raised reached $85.7 billion after underwriters bought additional shares set aside due to strong investor demand.
The large amount raised showed the strong demand for SpaceX stock. But it has not answered whether the company’s current business can support a valuation above $2 trillion. SpaceX generated $18.7 billion in revenue and had a $4.9 billion net loss in fiscal 2025.