TechCrunch Mobility: SpaceX rockets past Tesla
Key takeaways
- Welcome back to Tech Crunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.
- I won’t spend too much time rehashing the Space X IPO — every media outlet, including Tech Crunch, has spilled enormous amounts of digital ink on the company’s first day of trading.
- As of market close Friday, SpaceX has a market cap of $2.1 trillion, rocketing past Musk’s other publicly traded company, Tesla.
Welcome back to Tech Crunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. To get this in your inbox, sign up here for free — just click Tech Crunch Mobility!
I won’t spend too much time rehashing the Space X IPO — every media outlet, including Tech Crunch, has spilled enormous amounts of digital ink on the company’s first day of trading. But there are two important data points to note for anyone who closely watches the “future of transportation” industry.
As of market close Friday, SpaceX has a market cap of $2.1 trillion, rocketing past Musk’s other publicly traded company, Tesla. SpaceX is currently the sixth most valuable U.S.-listed company, behind Nvidia, Apple, Alphabet, Microsoft, and Amazon. Tesla’s market cap was $1.52 trillion as of market close.