SpaceX Joins Nvidia, Alphabet, Apple, Microsoft, Amazon, and Taiwan Semiconductor in the $2 Trillion Club. But Will It Last?

SpaceX reached a $2.11 trillion market cap at its IPO on June 12, becoming the seventh-most-valuable company globally. However, the article cautions that the stock's current valuation is driven by IPO hype and limited float rather than current fundamentals. With only $18.67 billion in 2025 revenue and a $4.94 billion net loss, SpaceX must grow into its valuation through Starlink expansion and AI monetization. The S&P 500 index committee declined to fast-track SpaceX's inclusion, suggesting concerns about overvaluation.