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SpaceX Soars Past $2.2 Trillion Valuation in Record IPO Debut

Bloomberg Markets •
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SpaceX shares surged in their second day of trading, building on a blockbuster debut that launched the rocket company into elite market territory. The stock climbed as much as 8.7% on Monday, adding to Friday's 19% rally as investors rushed to participate in one of Wall Street's most anticipated offerings.

The two-day performance pushes SpaceX's market capitalization above $2.2 trillion, instantly ranking it among the world's six largest public companies. This remarkable valuation emerged from a $75 billion initial public offering that priced at the high end of expectations, reflecting intense investor appetite for space technology exposure.

At current levels, SpaceX sits roughly $400 billion away from surpassing Amazon.com Inc, which holds a nearly $2.7 trillion market cap. The company's rapid ascent demonstrates how investor sentiment toward Musk-led ventures has evolved beyond electric vehicles into orbital ambitions.

The Nasdaq closing bell ceremony on June 12 marked the culmination of years of private market buildup. SpaceX joins an exclusive club of trillion-dollar companies, with its valuation reflecting expectations for Starship commercial operations and satellite internet expansion.