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.
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.
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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.