SpaceX's Record $85.7 Billion IPO Vaults It Into Global Top-Six by Market Cap
Original: SpaceX 募資衝上 857 億美元改寫紀錄，市值一舉踩進全球前六
SpaceX raises a record $85.7 billion in its IPO, surpassing TSMC's market cap on debut.
SpaceX has completed the largest IPO in history, raising $85.7 billion and immediately surpassing TSMC in market capitalization to join the world's top six publicly traded companies. The massive valuation reflects investor conviction in SpaceX's 'space plus AI' integrated conglomerate positioning, treating its satellite network as foundational AI-era infrastructure. Analysts caution, however, that SpaceX's premium multiples and still-developing profitability remain to be validated by future earnings.
SpaceX has completed what is being reported as the largest initial public offering in history, raising $85.7 billion in total proceeds. The milestone immediately elevated the company to among the world's most valuable publicly traded corporations — its post-listing market capitalization surpassing that of Taiwan Semiconductor Manufacturing Company (TSMC), one of the most strategically critical nodes in global technology supply chains, and placing SpaceX within the global top six by market cap.
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