Since pricing its IPO at $135 last week, SpaceX shares have surged roughly 50%, climbing as high as $229.40 and briefly valuing the company above $3 trillion. The stock added 3.5% in premarket trading ahead of the Federal Reserve’s June rate decision, extending gains past Amazon’s market capitalization.
SpaceX priced its initial public offering at $135 per share last week, and trading has since climbed as high as $229.40, signaling strong investor demand. That peak represents roughly a 70% increase from the offering price and implies a company valuation above $3 trillion.
In premarket trading on Wednesday, SpaceX shares added 3.5% ahead of the Federal Reserve’s June rate decision, extending the stock’s rally to approximately 50% since the IPO price. The uptick reflects continued investor optimism amid anticipation around the company’s growth prospects.
SpaceX’s market capitalization has now surpassed Amazon’s, placing it among the world’s most valuable public companies. Investors will be watching upcoming revenue milestones and free cash flow generation to assess whether current valuations can be sustained over the long term.
