SpaceX’s Historic IPO and Market Performance
Space Exploration Technologies (NASDAQ: SPCX) conducted a historic IPO on June 16, raising approximately $75 billion and briefly surpassing Microsoft and Amazon in market capitalization. Since its peak at $226, the stock has fallen to around $155 by June 24, leading to debates on its valuation amid a net loss of $4.9 billion in 2025 against $18.7 billion in revenue.
As of now, SpaceX holds a market cap exceeding $2 trillion, trading at 109 times its annual sales, making it one of the most expensive stocks in the megacap category. The company is currently in a staggered insider lockup period that could create pressure for stock sales starting after its second-quarter 2026 earnings release, potentially impacting future performance.
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