102 Days
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عربية – DW
SpaceX surpasses Saudi Aramco
SpaceX, the company owned by Elon Musk, completed the largest initial public offering in history, selling about 555.6 million shares at $135 each, raising approximately $75 billion. This positions it as the most valuable company in the stock market with a market capitalization estimated at $1.77 trillion. Despite generating annual revenues of $18.7 billion and recording a net loss of $4.9 billion last year, the company's valuation is considered extremely high, at more than 94 times its revenues—a figure that far exceeds the average of the Nasdaq 100 index. This valuation raises questions about the potential formation of a financial bubble, especially given the company's growth of over 2,000 percent in recent years, along with warnings of a possible market correction and current shareholders potentially selling their shares later.
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