SPCX at 2.27 Trillion Market Cap - 6th highest and within 12% of AMZN
u/TCEHY ·
Reddit — r/StockMarket
· June 12, 2026 at 17:25
· ⬆ 45 pts
· 💬 26 comments
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When combined with TSLA, the other publicly traded Elon Musk company, market cap at 3.77 Trillion.
Based on this table, we wonder which are used as COF for today's massive 75 billion SPCX IPO. SPCX is the only non profitable stock with market cap above 1 Trillion. While the TAM is enormous, over the next 5 years, it is not expected to be profitable. At least one analyst has issued a Sell with 115 target as SPCX started trading this morning.
CFRA analyst Keith Snyder rate SPCX at Sell and a target of 115. That's a loss of -14.8% at the IPO price and -30.3% at news release. Keith Snyder's previous 3 sell ratings have proved to be timely. He downgraded CHTR to sell Dec 2025 with a target of 165 and CHTR is 141.82 now. Back in 2020, Snyder downgraded ZM to Sell with 215 when ZM was 568, it's now at 94. Finally, he issued a Sell on MAT in 2018 with 11 target. MAT traded near 9 the same year.