SpaceX's market valuation climbed above Amazon’s at $2.66 trillion and briefly eclipsed Microsoft’s $2.93 trillion after its record-breaking $75 billion IPO last week. Shares have risen nearly 50% since pricing at $135, while 2025 revenue totaled $18.7 billion against net losses of $4.9 billion.
SpaceX opened on Nasdaq at $150 per share and raised $75 billion in its IPO, driving its market valuation to $2.66 trillion. This surge overtook Amazon and briefly surpassed Microsoft’s $2.93 trillion, with shares up nearly 50% since the $135 pricing.
The company reported $18.7 billion in revenue for 2025 with a net loss of $4.9 billion, and posted a $4.28 billion loss in Q1 2026. Elon Musk forecasts up to $1 trillion in revenue by 2030, highlighting ambitious long-term growth targets.
Analysts are divided on the high valuation: CFRA launched coverage with a sell rating and a $115 target, while Morningstar set fair value at $63. Concerns focus on the need for fundamentals to catch up with current market excitement.
