SpaceX Becomes 5th Most Valuable Public Company Globally, Stock Surges 35% Since Historic IPO
Days after its historic Initial Public Offering, SpaceX continues to solidify its dominance in global capital markets. The aerospace giant has climbed to become the world’s fifth largest publicly traded company by market capitalization, overtaking industry behemoths like Amazon and Taiwan Semiconductor Manufacturing Company (TSMC) amid a powerful stock rally.
According to a report by The Motley Fool, Space Exploration Technologies (SpaceX) witnessed a massive valuation leap during its first three trading days following its June 12 IPO. The company's market cap soared to approximately $2.73 trillion, positioning it just behind Microsoft. Since listing, SpaceX shares have surged by roughly 35%, an aggressive post-IPO rally that mirrors historic tech debuts. For comparison, Nvidia jumped 63% on its first trading day, Microsoft gained 33%, Apple rose 31%, and Alphabet advanced 18% during their respective market debuts.