SpaceX to list on US stock market at historic $1.77tn valuation
www.theguardian.com
Initial public offering for aerospace and AI company made Musk the world’s first trillionaire as share prices jumped

SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.

Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.

The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.

  • The_Decryptor@aussie.zoneEnglish
    10·
    2 days ago

    I fucking hate Musk but in what world is SpaceX unprofitable?

    Ours?

    SpaceX made a loss of $4.9bn in 2025 on revenues of $18.7bn, so it is being priced on arrival on the US Nasdaq market at almost 100 times those revenues.

    That’s the reason the S&P 500 index isn’t buying their stock, they’ve got a rule that the company has to be profitable first.