SpaceX went public on June 12 at $135 per share. Four days later, it’s worth more than Amazon.
The company’s market capitalization surged past $2.7 trillion on June 16, overtaking Amazon’s roughly $2.66 trillion valuation and making SpaceX the fifth-largest publicly traded company in the US. That’s a more than 50% jump from its IPO pricing in less than a week.
From $135 a share to fifth-largest company alive
SpaceX’s IPO raised $75 billion, the largest initial public offering ever recorded. At the offering price, the company debuted with an estimated valuation of approximately $1.77 trillion.
The stock briefly touched a $3 trillion market cap during trading on June 16 before settling above $2.7 trillion.
