SpaceX IPO'd June 12, 2026 at a $2.27 trillion market cap. Priced at $135, opened at $150, closed ~$171 (+27%).
MOIC
302,667x
Your Return
$3.0B
from $10K invested
| Round | Year | Entry Valuation | MOIC at IPO |
|---|---|---|---|
| Seed | 2002 | $7.5M | 302,667x |
| Series A | 2005 | $60.0M | 37,833x |
| Series C | 2008 | $1.2B | 1,892x |
| Series F | 2012 | $4.8B | 473x |
| 2015 Round | 2015 | $12.0B | 189x |
| 2019 Round | 2019 | $33.0B | 69x |
| 2021 Round | 2021 | $100.0B | 22.7x |
| 2024 Round | 2024 | $180.0B | 12.6x |
| 2025 Round | 2025 | $350.0B | 6.5x |
IPO close price: $171. What happens after the 180-day lockup?
Bear Case
-20%
$136.8/share
$1.82T market cap
Base Case
0%
$171.0/share
$2.27T market cap
Bull Case
+20%
$205.2/share
$2.72T market cap
| Company | Year | IPO Market Cap | Day 1 Return |
|---|---|---|---|
| 2004 | $23B | +18% | |
| 2012 | $104B | +0.6% | |
| Alibaba | 2014 | $231B | +38% |
| SpaceX | 2026 | $2.27T | +27% |