SpaceX Surges Past Taiwan Semiconductor to Become the World's 6th Most Valuable Company. Is It Too Late to Buy?

SpaceX has become the world's 6th most valuable company at $2.5 trillion market cap, surpassing Taiwan Semiconductor despite generating only $18.67B in revenue with a $4.94B net loss. The valuation is driven by a tiny 5% public float and ambitious growth projections centered on AI and orbital data centers expected by 2028. Analysts recommend caution for most investors until the company demonstrates execution and the float stabilizes.