SpaceX has pushed its market capitalization toward the $2 trillion mark after shares began trading approximately 20% above the initial public offering price of $135. The June 11 debut raised $75 billion and established a valuation of roughly $1.77 trillion based on 13.08 billion outstanding shares.
Trading under the ticker SPCX on Nasdaq, this offering officially eclipsed Saudi Aramco’s 2019 record as the world’s largest IPO. SpaceX utilized a fixed-price structure rather than traditional bookbuilding, setting the share price directly to gauge immediate market reaction.
Despite estimated fiscal year 2025 revenue between $18.7 billion and $19.3 billion, the aerospace giant is not yet profitable. Current trading levels imply a valuation of 90 to 100 times trailing sales, signaling immense investor confidence in future growth.
Decentralized finance platforms accurately anticipated this surge. Pre-IPO perpetual futures on Hyperliquid and prediction markets on Polymarket forecasted valuations exceeding $2 trillion before traditional markets opened, demonstrating the growing predictive power of crypto-native data.