SpaceX IPO Jumps 19%, Briefly Making It Worth More Than Amazon and Microsoft Combined

SpaceX went public on 12 June at $135 per share, closing at $161—a 19% first-day pop. The $75 billion offering, history's largest IPO, valued the company at $2.1 trillion. That's a revenue multiple of 112x, far steeper than Nvidia's peak 25–30x, reflecting investor bets on Starlink broadband and Starship commercialization. A tiny 4.2% public float amplified price swings.