{"id":31996,"date":"2026-06-15T19:17:22","date_gmt":"2026-06-15T19:17:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/spacex-defies-wall-street-as-valuation-surges-past-2-3-trillion\/"},"modified":"2026-06-15T19:17:32","modified_gmt":"2026-06-15T19:17:32","slug":"spacex-defies-wall-street-as-valuation-surges-past-2-3-trillion","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/spacex-defies-wall-street-as-valuation-surges-past-2-3-trillion\/","title":{"rendered":"SpaceX defies Wall Street as valuation surges past $2.3 trillion"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SpaceX\u2019s market value has climbed past $2.43 trillion on the second day of its Nasdaq debut, pushing the stock far beyond several pre-listing valuation estimates and cementing its place among the world\u2019s most valuable public companies.<\/p>\n<div id=\"cn-block-summary-block_287d54c6fdc335a0956477dcfc3372e7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SpaceX\u2019s valuation climbed to roughly $2.43 trillion as shares surged more than 16% on the second day of trading.<\/li>\n<li>The stock traded near three times Morningstar\u2019s $63 fair value estimate, defying several pre-IPO valuation concerns.<\/li>\n<li>ARK Invest bought $444 million worth of SpaceX shares, while Michael Saylor highlighted the company\u2019s 18,712 BTC holdings.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to Yahoo Finance data, shares of Elon Musk\u2019s rocket and satellite company rose over 16% on Monday to $187.5 in afternoon trading. The move added about $26 per share in the session and lifted SpaceX\u2019s intraday valuation to approximately $2.43 trillion.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/SPCX\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a><\/figcaption><\/figure>\n<p>Trading activity remained elevated during the stock\u2019s second session. Yahoo Finance data showed the shares opening at $171.81 and reaching an intraday high near $188.80, while volume surpassed 196 million shares. The gains extended a rally that began immediately after the company\u2019s historic market debut.<\/p>\n<h2 class=\"wp-block-heading\">Wall Street valuation concerns have not slowed demand<\/h2>\n<p>Before the listing, several analysts and market commentators questioned whether SpaceX\u2019s valuation could be justified given the company\u2019s financial profile. Morningstar estimated a fair value of $63 per share, a figure that sat well below the company\u2019s $135 offering price. SpaceX has since climbed to nearly $188, trading at almost three times that estimate.<\/p>\n<p>Investor appetite has moved in the opposite direction. As previously reported, SpaceX raised roughly $75 billion by selling more than 555 million shares at $135 each in the largest IPO on record. The stock opened at $150 on its first trading day, climbed as high as $176.52, and finished more than 19% above the offer price.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Reports surrounding the offering also <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investing.com\/analysis\/spacex-ipo-tests-how-far-private-market-valuations-can-stretch-200680790?utm_source=chatgpt.com\" target=\"_blank\" rel=\"nofollow\">highlighted concerns<\/a> that a deal of such size could struggle to attract sufficient demand. Instead, orders reportedly exceeded available shares by a substantial margin, helping SpaceX surpass a $2 trillion valuation during its first days as a public company.<\/p>\n<p>Even with the rally, questions about fundamentals remain. Notably, SpaceX generated $18.7 billion in revenue last year while posting a loss of $8.7 billion between the beginning of 2025 and March 31, 2026. MarketBeat <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.marketbeat.com\/stocks\/NASDAQ\/SPCX\/forecast\/\" target=\"_blank\" rel=\"nofollow\">data<\/a> places the average one-year analyst price target near $161.25, below the stock\u2019s current trading range.<\/p>\n<h2 class=\"wp-block-heading\">Institutional investors continue backing the stock<\/h2>\n<p>While some analysts remain cautious, several high-profile investors have publicly supported SpaceX\u2019s valuation. Kevin O\u2019Leary has <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/kevinolearytv\/status\/2065848181091664093\" target=\"_blank\" rel=\"nofollow\">argued<\/a> that investors are assigning value based on the company\u2019s future opportunities rather than its current earnings.<\/p>\n<p>Institutional demand has also accompanied the rally. As previously reported by crypto.news, Cathie Wood\u2019s ARK Invest acquired 3,291,184 SpaceX shares across its exchange-traded funds on June 12, a purchase valued at roughly $444 million. The transaction ranked among ARK\u2019s largest portfolio moves as the company entered public markets.<\/p>\n<p>Meanwhile, SpaceX\u2019s listing has drawn attention beyond traditional equity investors because of the company\u2019s Bitcoin holdings. Commenting on the debut, Strategy Executive Chairman Michael Saylor said the IPO means 25% of the so-called Mag 8 companies now hold Bitcoin on their balance sheets. According to Bitcoin Treasuries data cited by crypto.news, SpaceX holds 18,712 BTC.<\/p>\n<p>The listing has also strengthened Elon Musk\u2019s position among the world\u2019s wealthiest individuals. With SpaceX now trading publicly at a valuation above $2.4 trillion, the company ranks ahead of several established technology giants, including Meta, Samsung and Tesla, while remaining behind Nvidia by market value.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX\u2019s market value has climbed past $2.43 trillion on the second day of its Nasdaq debut, pushing the stock far beyond several pre-listing valuation estimates and cementing its place among&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=31996"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31996\/revisions"}],"predecessor-version":[{"id":31997,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31996\/revisions\/31997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}