SpaceX’s market valuation reached $2.1 trillion after its record $75 billion IPO, with shares closing at $161 on Nasdaq.
SpaceX completed the largest initial public offering in history, raising $75 billion with shares priced at $135 each. The stock surged 19% on its first trading day, closing at $161 and valuing the company at $2.1 trillion.
The company, now combining rockets, Starlink satellite internet, and AI ventures, reported $4.4 billion in operating profit from Starlink last year. Its AI division, however, posted a $6.4 billion loss on $3.2 billion in revenue.
Shares continued climbing after hours, pushing the valuation toward $2.2 trillion amid investor enthusiasm despite profitability concerns in key segments.