The SpaceX IPO Is Over. History Says Investors Should Do This Next.
SpaceX now has a market cap well above $2 trillion.
The SpaceX IPO Is Over. History Says Investors Should Do This Next.
Overview
After weeks of excitement and controversy, Space Exploration Technologies (NASDAQ: SPCX) completed its historic initial public offering at a price of $135 per share, successfully selling all of its allotted 555,555,555 shares.
The IPO initially raised $75 billion at a valuation of $1.77 trillion. But underwriter allotments and a growing market cap ultimately pushed proceeds closer to $86 billion, with a current market cap hovering around $2.5 trillion.
Details
For perspective, SpaceX's valuation is already ahead of Tesla, Meta Platforms, Micron Technology, Berkshire Hathaway, and Walmart. After the post-IPO run, the company is now worth more than JPMorgan Chase and Visa combined.
Source
Originally published at www.fool.com.
