SpaceX went public less than two weeks ago. It’s already knocking on Amazon’s door.
After pricing its IPO at $135 per share on June 11 and raising roughly $75 billion, the largest initial public offering in US history, SpaceX’s shares have continued their ascent well past debut-day levels. The stock, trading on Nasdaq under the ticker SPCX, closed its first day at $160.95, a 19% pop that valued the company at $2.1 trillion. In the days since, shares have climbed into the $192 to $210 range, pushing the market cap above $2.5 trillion.
Amazon’s market capitalization during the same period sits at approximately $2.6 trillion. The gap is narrowing fast.
A debut for the history books
SpaceX raised $75 billion in a single offering. The company’s valuation went from $1.77 trillion at pricing to north of $2.5 trillion within days of trading.
