Just four trading days after its IPO, SpaceX has reached a market cap of about USD 2.65 trillion, overtaking Amazon to become the world's fifth largest listed company, behind only Nvidia, Apple, Microsoft and Alphabet. Priced at USD 135, it is already up over 50%. But only around 4% of shares actually trade, so the price is set by a very thin float. Once lockups unwind and the first earnings land, can this valuation hold?

Just four trading days after its IPO, SpaceX has reached a market cap of about USD 2.65 trillion, overtaking Amazon to become the world's fifth largest listed company, behind only Nvidia, Apple, Microsoft and Alphabet. Priced at USD 135, it is already up over 50%. But only around 4% of shares actually trade, so the price is set by a very thin float. Once lockups unwind and the first earnings land, can this valuation hold?

SpaceX Tops Amazon: Can A 4% Float Hold? 

SpaceX has no cruise phase, only engines that are always accelerating and a progress bar that's always maxed out!SpaceX is pushing the limits in many technologies!Speaking of which, the chemistry and physics I learned back in the day are of no use at work at all 😂Maybe that's why many people are willing to work at SpaceX 🤔