SpaceX Has a Rapidly Approaching $20 Billion Surprise for Its Shareholders -- and They're Not Going to Be Happy
A sizable chunk of SpaceX's $75 billion initial public offering (IPO) capital raise is already spoken for.
SpaceX Has a Rapidly Approaching $20 Billion Surprise for Its Shareholders -- and They're Not Going to Be Happy
Overview
One week ago today, Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) made history. The $75 billion raised from its initial public offering (IPO) handily unseated Saudi Aramco's $29.4 billion IPO cash raise in December 2019.
Additionally, it took just three trading days for SpaceX's market cap to blow past Tesla, Meta Platforms, Broadcom, and even Amazon. Its $2.66 trillion valuation on June 16 gives SpaceX meaningful influence within the Nasdaq Composite.
Details
Several factors have played a role in SpaceX's parabolic ascent, including:
Source
Originally published at www.fool.com.
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