SpaceX closed its record $2.1 trillion IPO with a valuation exceeding peers despite significantly lower revenue, raising concerns over volatility.
SpaceX completed the largest initial public offering in history on June 12, closing at a $2.1 trillion valuation. The figure places it among the world’s most valuable companies, though its revenue trails far behind industry giants.
The company’s valuation reflects investor expectations for future growth, but its premium pricing leaves the stock exposed to sharp price swings. Comparatively, SpaceX’s launch competitor, Rocket Lab, has conducted 35 launches over the past 18 months, far fewer than SpaceX’s 260.
Rocket Lab’s niche in small-lift launches for satellite customers offers an alternative for investors seeking space-sector exposure without the high valuation risks.