On 12 June 2026, SpaceX made history as it executed the largest IPO in stock market history, raising a total of US$85.7 billion. The blockbuster listing shattered the previous record held by Saudi Aramco’s US$29.4 billion IPO in 2019. Following its debut, SpaceX is worth a staggering US$2.1 trillion at the point of writing, instantly cementing it as one of the most valuable mega-caps in the world. Recently, a member of SG Wealth Builder wrote in to share his fascination—and understandable skepticism—over how a company that registered an overall operating loss of US$2.6 billion in 2025 could suddenly be commanded at a multi-trillion-dollar valuation. In this article, I will share my thoughts on SpaceX’s phenomenon and whether I would put my money in this stock. In my opinion, the SpaceX IPO journey draws a distinct parallel to Tesla’s initial public offering back in 2010. Both are companies driven by Elon Musk’s philosophy: asking the public markets to fund an aggressive, capital-...