SpaceX IPO Stuns On Nasdaq Listing! Meet World's 6th Largest Giant, Who Races To Beat Microsoft & Amazon

SpaceX IPO has finally listed on Nasdaq on June 12th. Backed by Elon Musk, SpaceX IPO had all the attention in the world and it has not disappointed. On its debut day, SpaceX soared nearly 30% to cross the $175 mark, compared to its IPO price.

Also, SpaceX has become the sixth largest company with a nearly $2.27 trillion market cap, beating estimates of $1.8 trillion. This has immediately put SpaceX in the league to rival Jeff Bezos' Amazon and Bill Gates' Microsoft.

SpaceX IPO Stock Price Today

During the opening bell, SpaceX listed at an 11.11% premium to $150 apiece but soon after stunned the market by gaining strong momentum. The IPO skyrocketed by nearly 31% to hit an intraday high of $176.52 apiece, which is the new all-time high level for the company.

SpaceX IPO Market Valuation

Due to a strong listing, SpaceX market valuation crossed $2.5 trillion and reached its highest around $2.8 trillion before mildly pulling back. Nonetheless, SpaceX IPO's valuation stood at $2.247 trillion at the time of writing.

This makes SpaceX the world's sixth-largest company. It has surpassed Taiwan-based TSMC whose current m-cap is around $2.206 trillion, while outrunning another American giant, Broadcom, who has an m-cap of $1.818 trillion and Saudi Arabia's Aramco, who holds a market cap of $1.752 trillion.

SpaceX valuation has beaten Elon Musk's star-studded Tesla, which is the largest EV in the world. Tesla is currently the tenth largest company in the world with a valuation of $1.506 trillion.

But that's not all; if the bulls continue to rock over SpaceX, then soon this aerospace and defence behemoth will be dethroning Amazon and Microsoft from fourth and third rank.