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SpaceX's projected $1.77 trillion market cap would nearly equal the combined value of the 29 largest U.S. IPOs since 2000, adjusted for inflation, which together are worth $1.76 trillion in today's dollars.
Why it matters: The bar is already incredibly high for what's on track to be the largest IPO in history, which could become a critical test of investor demand ahead of an expected wave of AI IPOs.
Axios Media Inc., 2026














