SpaceX (SPCX) IPO Raises $75 Billion, Market Cap Hits $2 Trillion

AI Summary

SpaceX (SPCX) raised $75 billion in its IPO, enhancing to $85.7 billion after share sales. The company closed its first trading day with a market cap exceeding $2 trillion, making it the only company to debut at that value. As of June 18, SpaceX reached a market cap of $2.5 trillion, briefly surpassing Amazon. Despite these impressive figures, the stock trades at about 134 times sales, indicating potentially high valuations that could pose risks for investors.