SpaceX Might Be the Most Valuable Money-Losing Company in Market History. Should Investors Care?
A $2.1 trillion valuation and a $9 billion trailing loss make for a combination the market has arguably never priced before.
Overview
SpaceX (NASDAQ: SPCX) went public on June 12 at $135 per share, raising $75 billion in the largest initial public offering (IPO) in history. Three weeks later, the rocket, satellite-internet, and artificial intelligence (AI) company commands a market capitalization of about $2.1 trillion. Only a handful of companies have ever been worth that much -- and every one of them earned billions in profits when it got there.
SpaceX is different. Across 2025 and the first quarter of 2026, its reported losses add up to a trailing net loss of about $9.4 billion, set against roughly $19.3 billion in trailing revenue.
Details
That combination raises a question worth answering before the company joins the Nasdaq-100 on July 7 -- an event that will make index funds automatic buyers of the stock. Has a money-losing business ever been valued this highly? And if it hasn't, should investors care?
Source
Originally published at www.fool.com.