Do you understand how insane this is?
SpaceX's valuation today nearly equals the combined value of every major US IPO since 2000.
The top 13 alone add up to over $800B:
Alibaba 2014 ($169B)
Meta 2012 ($81B)
Uber 2019 ($76B)
AT&T Wireless 2000 ($68B)
Rivian 2021 ($67B)
DiDi 2021 ($61B)
UPS 1999 ($60B)
Coupang 2021 ($60B)
GM 2010 ($63B)
ENEL 1999 ($55B)
Arm 2023 ($55B)
Kraft 2001 ($54B)
Visa 2008 ($45B)
Add the rest of the major IPOs from the last 26 years (Snowflake, DoorDash, Coinbase, Roblox, Airbnb, Palantir, Zoom, Moderna, Snap, Pinterest, Lyft, and more) and the total lands in the $1.5T to $1.8T range.
SpaceX is matching that entire history. One company. One IPO.
What usually happens in the months after these IPOs:
Day 1 is a hype-driven pop. Then around the 180-day lockup expiration, insiders and early investors finally get to sell. That creates heavy selling pressure.
Many of these companies corrected 30-60% as the market shifted from hype to revenue, margins, competition, and execution.
Facebook dropped hard early. Uber and Rivian had brutal post-IPO periods. Some recovered strongly years later. Some never did.
One private-turned-public company equaling the combined debut value of every major US IPO for the last 26 years.
Think about that for a second.
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SpaceX starts trading tomorrow.
You know what that means, right?