By Trevor Jennewine
Publication Date: 2026-06-13 08:48:00
Elon Musk’s Space Exploration Technologies (SPCX +19.17%), known as SpaceX, went public on Friday, June 12. The rocket and satellite company priced its initial public offering (IPO) at $135 per share. With about 13.1 billion shares outstanding, that gave SpaceX an initial market value of nearly $1.8 trillion, making it the largest IPO in history.
Yet some Wall Street experts think SpaceX will blast past Nvidia‘s current market value of $4.9 trillion. CNBC’s Jim Cramer says the company could quickly hit $6 trillion, and hedge fund billionaire Ron Baron says SpaceX could eventually be worth $14 trillion.
Here’s what investors should know.
Image source: Getty Images.
Jim Cramer says SpaceX stock could hit $6 trillion due to mismatched supply and demand
SpaceX has an unusually small float, less than 5%, which means an abnormally small portion of total shares outstanding is currently available for public trading. For context, most Nasdaq-100 stocks have floats that exceed 80%.
Meanwhile, institutional and retail investors are eager to own SpaceX shares, and recent changes to the Nasdaq-100 will make the stock eligible for inclusion in just 15 trading days. Previously, companies had to be listed for at least one year and required a float of at least 10%. But the one-year rule has been amended to 15 days for large companies, and the 10% minimum float rule has been eliminated.
This means there are very few SpaceX shares available for trading, but there is also massive demand,…
