{"id":1479,"date":"2026-06-15T18:42:26","date_gmt":"2026-06-15T18:42:26","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1479"},"modified":"2026-06-15T18:42:26","modified_gmt":"2026-06-15T18:42:26","slug":"heres-how-spacexs-debut-stacks-up-against-other-major-ipos","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1479","title":{"rendered":"Here\u2019s how SpaceX\u2019s debut stacks up against other major IPOs"},"content":{"rendered":"
\n

Now, on its first full day of trading, the company is worth more than $2.4 trillion.\u00a0<\/p>

Read more Gene Shalit, who made film criticism a television institution, dies at 100<\/a><\/p>\n

The stock began trading at $150 a share, and as of Monday afternoon it was trading at $186, up 16% after surging 19% in its debut. The price spike is typical of IPOs. Airbnb\u2019s stock price increased 112% on its first day on the Nasdaq in 2020. Similarly, the design platform Figma\u2019s stock skyrocketed 252% on its first day.\u00a0<\/p>

<\/div><\/div><\/div>\n

\u201cThis is marketing 101,\u201d said Eric Hoffmann, chief data officer at compensation consulting firm Farient Advisors, told Fortune<\/em> earlier this month ahead of the IPO. \u201cThey\u2019re driving hype to drive the stock price and the amount of money they can raise.\u201d<\/p>\n

The only IPO that has ever come close to SpaceX\u2019s\u00a0 was Saudi Aramco, Saudi Arabia\u2019s national oil company, on December 11, 2019. Listed on the country\u2019s Tadawul exchange, the state-owned enterprise was valued at $1.7 trillion and raised $25.6 billion. Much like SpaceX, its value shot up to more than $2 trillion within days.\u00a0<\/p>\n

Previous IPO record-holders come nowhere close to the rocket-maker\u2019s eye-popping valuation. Before Saudi Aramco, Chinese e-commerce company Alibaba held the record for the largest IPO, which raised $21.8 billion and valued the company at $167.6 billion.\u00a0<\/p>\n\n

\"Majors<\/figure>\n\n

A strong opening doesn\u2019t mean everything. Facebook\u2019s May 2012 IPO was so mired with technical issues, that Nasdaq paid shareholders $26.5 million to settle a class-action lawsuit over its mishandling of the offering. <\/p>\n

Investors also balked at the social media company\u2019s $100 billion valuation, as its ad-based business model was still largely unproven. Three months later, the stock was trading at just half of the initial share price. The company was able to turn things around and now boasts a $1.51 trillion market capitalization.\u00a0<\/p>

Read more \u2018It\u2019s not going to work\u2019: New York\u2019s 3D printer gun-blocking law isn\u2019t even supported by its own supporters<\/a><\/p>\n

Despite its smooth start, SpaceX will similarly need to prove itself to investors. The IPO has made Elon Musk, already the richest man in the world, a trillionaire on paper, but his company\u2019s path to profitability is even less clear than Facebook\u2019s in 2012.<\/p>\n

In its S-1 filing, SpaceX reported $18.7 billion in revenue in 2025, up from $14.1 billion in 2024, but it also reported $4.9 billion in net losses last year.\u00a0<\/p>\n

\u201cWhile we have experienced significant growth in revenue over the last three years, we cannot predict whether we will maintain this level of growth or when we will achieve profitability again,\u201d the company wrote in the filing.<\/p>\n

Still, SpaceX has emerged as the dominant player in the space industry, overtaking legacy giants, despite being founded just 24 years ago.<\/p>\n

SpaceX was behind more than half of all rockets launched in 2025 and accounts for 83% of the total mass sent into orbit, but analysts question if its frontrunner status will stick.\u00a0<\/p>\n

\u201cSpaceX is the undisputed global market leader in launch economics and satellite-based connectivity, but the market could become more competitive if the technological capabilities of players such as Blue Origin, Rocket Lab, or Chinese startups improve meaningfully,\u201d wrote Morningstar analysts Nicholas Owens and Suryansh Sharma. They estimated that SpaceX\u2019s actual value is $780 billion, just 44% of its original valuation.<\/p>

Read more Mitch McConnell, 84, hospitalized with no details released; term ends in January<\/a><\/p>\n<\/figurlazyload><\/div>","protected":false},"excerpt":{"rendered":"

After a strong start, questions remain on how the company will reach profitability.\u00a0\u00a0<\/p>\n","protected":false},"author":1,"featured_media":1477,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[271],"tags":[],"class_list":["post-1479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-space-x"],"yoast_head":"\nHere\u2019s how SpaceX\u2019s debut stacks up against other major IPOs - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=1479\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s how SpaceX\u2019s debut stacks up against other major IPOs - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"After a strong start, questions remain on how the company will reach profitability.\u00a0\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=1479\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T18:42:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/2ffbcf022bf6992cc3a006e5ccb4c2ee.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1220\" \/>\n\t<meta property=\"og:image:height\" content=\"1320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Here\u2019s how SpaceX\u2019s debut stacks up against other major IPOs\",\"datePublished\":\"2026-06-15T18:42:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479\"},\"wordCount\":557,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/f35ebbaf497a23e58c9f35240ff807b8.webp\",\"articleSection\":[\"Space X\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1479\",\"name\":\"Here\u2019s how SpaceX\u2019s debut stacks up against other major IPOs - 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