$SPCX opened at $150 on Nasdaq on June 12, up 11% from the IPO price of $135, and closed the day at $161, the largest IPO in human history raised $75 billion and valued SpaceX at $1.77 trillion.
I personally think people buying SPCX at $164 today are paying a fair price for a company that controls over 60% of all global rocket launches and generates 61% of its revenue from Starlink which is still growing fast, the question is not whether SpaceX is a great company, it absolutely is, the question is whether $1.77 trillion already prices in most of that greatness.
What do you think
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