SpaceX Surges 37% Post-IPO, Hits 39.2x 2027 Revenue Multiple, Surpassing All S&P 500 Stocks

According to analysts' financial models, SpaceX's stock has become the most expensive in the U.S. market since its listing last Friday. The company's 2027 revenue valuation multiple reached 39.2x as of Wednesday's close, surpassing all current S&P 500 components. The valuation nearly tripled Tesla's 12.6x multiple, with Palantir ranked second at 28x.

The stock has gained 37% from its IPO price, though it fell 5% on Wednesday and 3.6% on Thursday, driven largely by retail FOMO (fear of missing out) on CEO Elon Musk's long-term vision. Market participants are debating whether SpaceX will follow Netscape's trajectory, which sparked the dot-com bubble despite being unprofitable at its 1995 IPO. Strategists view SpaceX as a potential catalyst for a new wave of bullish sentiment, though some argue the company differs from Netscape by already commanding dominant market positions in commercial rocket launches and satellite communications.