SpaceX Surpassed Broadcom, Meta Platforms, and Tesla in Market Cap on Its IPO Day. Can It Take on Amazon's Market Cap Next?
The biggest IPO in history looks overvalued relative to its industry peers.
SpaceX Surpassed Broadcom, Meta Platforms, and Tesla in Market Cap on Its IPO Day. Can It Take on Amazon's Market Cap Next?
Overview
SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, went public on June 12 at a valuation of $1.77 trillion, making it the largest IPO in history. Today, its market cap reached $2.40 trillion, making it the sixth-most-valuable company in the world.
That puts it ahead of tech giants like Broadcom, Meta, and Tesla, but could it overtake Amazon (NASDAQ: AMZN) -- which is worth $2.65 trillion -- within the next few days?
Image source: Getty Images.
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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.
