SpaceX Debuts at $1.77 Trillion, Triggers Rethink of ‘Mag 7’ Moniker
SpaceX debuted on June 12 valued at $1.77 trillion, surpassing two Magnificent Seven members and triggering a reevaluation of the tech-stock group name. Its Starlink network now exceeds 10,000 satellites and future projects include orbital AI data centers and space-based solar power.
1. Record-Setting IPO
On June 12, SpaceX went public with an initial market capitalization of $1.77 trillion, marking the largest IPO in history and driving shares higher in early trading.
2. Mag 7 Moniker Under Review
The $1.77 trillion debut pushed SpaceX past two members of the original Magnificent Seven, prompting investors to question whether the tech-stock group should be rebranded.
3. Starlink Network Expansion
SpaceX’s Starlink constellation now comprises over 10,000 satellites, with additional launches planned to bolster broadband coverage and drive recurring subscription revenue.
4. Future Ventures and Analyst Targets
Beyond rockets, SpaceX has outlined plans for orbital AI data centers and space-based solar power while some Wall Street experts project a valuation up to $6 trillion.
