SpaceX Goes Public with Landmark IPO
On June 12, 2023, Space Exploration Technologies (NASDAQ: SPCX) made its initial public offering, raising $86 billion—the largest in history—after underwriters exercised their greenshoe option. Currently, the company holds a market capitalization of $2 trillion, with its shares trading 13% above the opening price as of July 9, 2023.
SpaceX’s business model significantly reduces launch costs and it commands over 80% of the commercial launch market. The Starlink segment, which has 10.3 million subscribers, generated $1.2 billion in operating income during Q1 2026, contributing to $3.3 billion in total revenue. However, shares are trading at 51 times estimated 2026 revenue, indicating high market expectations and potential downside risk for investors.
In comparison, previous massive IPOs, such as Saudi Aramco and Alibaba, revealed varying performances over 12 months post-offering. The unpredictable stock market sentiment raises questions about SpaceX’s share trajectory in the next year, suggesting investors should consider a long-term outlook.
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.
