On June 15, local time, SpaceX shares closed at $192.50, up 19.6% from the previous trading day. Following a 19.3% increase on its first day of trading, the stock has now risen more than 40% above the initial offering price of $135.
According to market capitalization tracking site CompaniesMarketCap.com, SpaceX's market cap is estimated at approximately $2.52 trillion, placing it among the top six publicly traded companies globally, with a gap of around $100 billion from fifth-ranked Amazon.
Underwriters exercised the green shoe option, increasing SpaceX's IPO proceeds from the initial $75 billion to $85.7 billion. The final number of shares issued has expanded to 638.89 million Class A common shares.
This IPO marks the largest in history, surpassing the previous record set by Saudi Arabia's state-owned oil company Aramco in 2019. The strong demand from institutional and retail investors prior to the listing, along with robust trading activity, has confirmed the appetite for large technology IPOs.
Market analysts believe SpaceX's success could signal positive trends for future tech company listings. Bloomberg suggests that this momentum may also influence AI companies like Anthropic and OpenAI, which are being considered for public offerings.
However, the significant rise in stock price just two days post-IPO has raised concerns about valuation pressures. Analysts note that the rapid increase reflects high growth expectations in space exploration, satellite internet, and AI infrastructure sectors.
* This article has been translated by AI.
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