SpaceX Breaks Records with Historic IPO
New Delhi: In an impressive move, Elon Musk’s SpaceX has officially become the seventh most valuable company globally, following a remarkable listing on the Nasdaq stock market on June 12, 2026. The company raised a staggering $75 billion in its initial public offering (IPO), setting a new record for the largest IPO ever, far exceeding the previous mark of $25.6 billion held by Saudi Aramco since 2019.
Starting its trading day at $150, SpaceX opened 11% higher than its IPO price of $135. Throughout the trading session, its stock price peaked at $176.52 before closing at $160.95, marking an impressive increase of approximately 19% from its offered price.
Who’s Leading the Pack?
With this new achievement, SpaceX enters a competitive list of the world’s most valuable companies.
-
Nvidia: Leading the pack, Nvidia has broken the $5 trillion barrier for the first time, becoming the most valuable company. The tech giant specializes in semiconductor chips and artificial intelligence, serving big names like OpenAI, Google, and Microsoft.
-
Alphabet: As Google’s parent company, Alphabet comes in second with a market capitalization of $4.63 trillion, focusing on generative AI and cloud services.
-
Apple: Holding the third spot, Apple boasts a market cap ranging from $4.3 trillion to $4.53 trillion.
-
Microsoft: With a market value of $2.9 to $3.11 trillion, Microsoft ranks fourth, aided by its significant stake in OpenAI and the popularity of Microsoft Copilot.
-
Amazon: The retail giant is in fifth place, valued between $2.6 trillion and $2.87 trillion.
-
TSMC: The Taiwan Semiconductor Manufacturing Company is sixth, with a valuation of $2.2 trillion, responsible for over 90% of advanced chips used by major companies like Apple and Nvidia.
-
Broadcom: As Nvidia’s main competitor, Broadcom ranks eighth with a valuation of $1.8 trillion.
-
Saudi Aramco: The state-owned oil company from Saudi Arabia stands ninth, valued at $1.76 trillion.
-
Meta Platforms: Lastly, Meta, which oversees Facebook, Instagram, and WhatsApp, occupies the tenth position with a valuation between $1.56 trillion and $1.60 trillion.
This milestone for SpaceX not only marks a significant moment for the company but also reshapes the landscape of the world’s most valuable companies.
