SpaceX shares continue to climb, bringing the company's valuation close to $3 trillion and making it the world's fourth-largest company, according to N12.
SpaceX's stock rally shows no signs of slowing. On Tuesday afternoon, Israeli financial outlet N12 reported that the company's market capitalization is approaching $3 trillion, cementing its position as the world's fourth-most-valuable company. The milestone follows a historic first week as a public company: after pricing its IPO at $135 per share, SpaceX opened at $150 on Nasdaq on June 12 and closed its first trading day up 19% at a $2.1 trillion valuation. The surge continued into a second day, and by Tuesday the stock had added roughly another $900 billion in market cap. As The Zioneer reported on June 12, the IPO made Elon Musk the world's first trillionaire. The company also completed its first mission as a publicly traded entity on Monday, launching 24 Starlink satellites. The rapid valuation growth reflects investor enthusiasm for SpaceX's dominant position in aerospace, satellite internet, and deep-space ambitions.
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