𝗦𝗽𝗮𝗰𝗲𝘅 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗘𝘅𝗰𝗲𝗲𝗱𝘀 𝗔𝗺𝗮𝘇𝗼𝗻
SpaceX shares rose 14.3 per cent on Tuesday. The stock price reached $220 per share. This price sits 62 per cent above the initial public offering price of $135.
The market valuation of SpaceX reached $2.85 trillion. This figure passed Amazon, which holds a value of $2.64 trillion. SpaceX also briefly surpassed the $2.92 trillion valuation of Microsoft.
Key financial facts:
- SpaceX raised $85.7 billion in total IPO proceeds.
- The company reported $18.67 billion in revenue last year.
- SpaceX reported a net loss of $4.94 billion after merging with xAI.
- SpaceX plans to acquire software firm Anysphere for $60 billion.
Options trading started on Tuesday. 115,000 options contracts traded within the first 10 minutes. Call options outnumbered put options by 1.7-to-1. SpaceX options became the third most active single-stock contracts behind Nvidia and Tesla.
Market movement details:
- Trading volume for SpaceX reached $23.1 billion by mid-morning Tuesday.
- This volume exceeded the combined trading of Nvidia, Microsoft, Tesla, and Apple.
- SpaceX prepares for inclusion in the Nasdaq 100, FTSE Russell, and MSCI indices.
Analysts note potential volatility due to a small public float and high valuation. Some market analysts describe current price moves as speculation.
Source: The Times of India