Bonkers SpaceX stats from the company’s first week on the Nasdaq

Since then SpaceX The record-breaking IPO late last week, Elon Musk’s second trillion-dollar company, became the talk of Wall Street. From Musk becoming the world’s first trillionaire to SpaceX making a $60 billion acquisition shortly after launch, the first few days of trading have defied norms at every turn.

There are too many eye-popping numbers to count, but here are a few that stand out:

historical volume

SpaceX saw record-breaking trading volumes in its first few days as a publicly traded company.

On Friday, its first day on the market, SpaceX saw $85 billion worth of stock change hands. About $46 billion worth of shares were traded on Monday, followed by about $68 billion on Tuesday, reaching an average of $66 billion in the first 3 days.

That’s more transactions than those taking place in popular exchange-traded funds QQQ And SPYDuring this period, the average was 33 billion dollars and 46 billion dollars, respectively.

Meanwhile, the dollar volume of Nvidia, the world’s most valuable company, averaged around $27 billion, more than double. Apple 12 billion dollars.

As for other tech IPOs, Cerebras recorded average dollar volume of just over $6 billion in the first three days. Facebook saw $23 billion worth of shares change hands on its opening day, with an average of $11 billion worth of shares achieved in the first three.

Funds collected in public offering

SpaceX initially raised $75 billion, more than twice the size of the largest IPO ever.

Oil producer Saudi Aramco raised $25.6 billion in 2019; This figure increased to $29.4 billion as insurers used the green shoe option. And China Alibaba’s A total of $25 billion was achieved, including the insurer’s share.

SpaceX’s green shoe share brought in a whopping $10.7 billion in revenue. This amount alone is more than any other technology IPO to date. Uberfor example, it raised $8.1 billion in 2019 and the chipmaker brains It raised $6.4 billion last month.

Facebook Before SpaceX, it had the largest IPO by a US technology company, raising a total of $18.4 billion in 2012, including a green shoe option.

SpaceX personnel I wore green shoes In a nod to underwriters’ options on the trading floor Friday.

The world’s first trillionaire

SpaceX’s IPO turned Musk into the world’s first trillionaire. Musk owns about 46% of SpaceX shares, worth over $1 trillion, and maintains voting control of about 82% of the shares. Musk’s Tesla’s Its stock is worth hundreds of billions of dollars more.

The next richest people in the world Google co-founders Larry Page and Sergey Brin are each worth close to $300 billion. Forbes. They are followed by a few more tech founders — Amazon’s Jeff Bezos, Michael Dell, Oracle’s Larry Ellison, Meta’s Mark Zuckerberg and Nvidia’s Jensen Huang.

Not everyone likes Musk’s luck. Progressive politicians, including Vermont Senator Bernie Sanders, Massachusetts Senator Elizabeth Warren, and New York City Mayor Zohran Mamdani, used the event to remind the public of the vast wealth disparities in the United States and the struggles average Americans face with today’s rising inflation.

For some investors, the problem is SpaceX’s management. Anders Schelde, chief investment officer of Danish pension fund AkademikerPension, told CNBC that the fund did not buy SpaceX shares because “at the current valuation we cannot make the numbers work and we believe the governance standards are very poor from a minority shareholder perspective.”

Other groups protested SpaceX’s IPO, citing issues such as Musk’s politics and incendiary rhetoric, the company’s poor record on AI safety, and environmental concerns linked to rocket launches and massive data centers.

Launch past the Amazon

SpaceX shares soared and the company quickly became among the most valuable companies on the planet.

Its market cap surpassed Amazon’s on Tuesday, closing at $2.66 trillion that day. SpaceX even briefly surpassed Microsoft before falling below the software giant.

Fundamentals tell a very different story.

Amazon generated 38 times more revenue than SpaceX last year and generated nearly as much sales each week as Musk’s company did all year.

Amazon’s online ad business alone generated nearly as much revenue in the fourth quarter as SpaceX did last year. Even Amazon’s subscription services business is more than twice the size of SpaceX in terms of revenue.

When it came to actually making money, Amazon’s annual net revenue of close to $78 billion was more than four times SpaceX’s revenue. SpaceX loses billions of dollars every year.

Merger and Acquisition

SpaceX just days after its IPO entered A formal agreement to acquire AI coding startup Cursor for $60 billion in stock. The deal was first announced in April, but there was still a chance it wouldn’t happen.

The transaction is expected to close in the third quarter, marking one of the largest technology acquisitions in history.

SpaceX previously merged with Musk’s artificial intelligence company xAI in a deal that valued the combined entity at $1.25 trillion.

Excluding the SpaceX-xAI deal, there have been only three acquisitions worth over $60 billion involving a U.S. technology company as the buyer, according to FactSet.

the biggest Broadcom’s The $69 billion VMware acquisition followed in 2023, followed by Microsoft’s acquisition of Activision Blizzard for close to that amount in the same year. Became the third biggest Dell’s EMC was acquired in 2016 for approximately $67 billion.

The biggest deals among other tech giants include Google buying Wiz for $32 billion in 2025, Facebook buying WhatsApp for $19 billion in 2014, and Amazon buying Whole Foods for $13.7 billion in 2017. In the final days of 2025, Nvidia purchased assets from chip startup Groq for $20 billion.

As for Musk’s other publicly traded company, Tesla, the biggest acquisition came in 2016, when the electric vehicle maker spent $2.6 billion on solar installer SolarCity, which was founded and operated by Musk’s cousins ​​Peter and Lyndon Rive. Musk served as chairman and was its largest investor.

—CNBC’s Robert Hum contributed to this report.

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