SpaceX Is Now Bigger Than Amazon and Closing in on Microsoft. Here's How to Think About the Valuation.
SpaceX is now the fifth-largest company in the world by market cap.
SpaceX Is Now Bigger Than Amazon and Closing in on Microsoft. Here's How to Think About the Valuation.
Overview
In its first few days of trading on the public market, Space Exploration Technologies Corp (NASDAQ: SPCX) has lived up to the hype.
After going public on Friday and raising nearly $86 billion, the stock is now up close to 32%. As of 2:23 p.m. ET, the stock traded near $213 per share and had a market cap of $2.82 trillion.
Details
That puts SpaceX ahead of Amazon and within reach of Microsoft. It’s now the fifth-largest company in the world by market cap.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
