SpaceX IPO Overview
SpaceX (NASDAQ: SPCX) went public at $135 per share on June 12, 2023, and peaked at $211.39 on June 16. Currently, its share price is approximately $140, with a market cap of $1.76 trillion. The company reported revenue of $18.7 billion for 2025, which rose by 33% that year, but its market cap once reached $2.64 trillion, valuing it at 141 times its revenue.
Factors Behind Stock Volatility
SpaceX’s initial surge was fueled by a low float and market hype, but unsustainable valuations have led to a decline. Concerns grew following its acquisition of xAI, which eroded prior profit margins from its Starlink services. While Elon Musk projects potential revenue of over $1 trillion by 2030, analysts forecast growth to $155 billion by 2028.
Investment Outlook
With a price-to-sales ratio of 39, SpaceX remains pricey despite its stock’s recent decline. Historical patterns suggest caution; similar IPOs like Meta and Alibaba faced pullbacks post-launch. Investors are advised to proceed carefully given the current market conditions and the company’s ambitious goals.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
