SpaceX going public will directly knock Tesla off the list Top 10 companies by global market cap: NVDA —— 48.54 trillion (US) —— Semiconductors GOOG —— 43.08 trillion (US) —— Communication Services / Internet AAPL —— 42.82 trillion (US) —— Consumer Electronics MSFT —— 29.51 trillion (US) —— Software AMZN —— 25.60 trillion (US) —— E-commerce TSM —— 21.19 trillion (Taiwan) —— Semiconductors AVGO —— 17.70 trillion (US) —— Semiconductors http://2222.SR —— 17.43 trillion (Saudi Arabia) —— Oil & Natural Gas META —— 14.49 trillion (US) —— Social Media TSLA —— 14.33 trillion (US) —— Automotive Manufacturing Summary of the logic behind the high valuations of the top 10: Tech innovation + Platform monopoly + Global expansion + High growth expectations These factors are also reflected in SpaceX, but the market still needs to validate them. SPCX stock IPO price: $135, corresponding to a market cap of about 17.7 trillion. After opening, it will directly enter the top 10 list, pushing Tesla out. Finally, in my personal opinion, SpaceX's current fair valuation is around 10 trillion. After the initial hype and high opening, it might face a period of valuation correction. That’s when I’ll consider a long-term position, starting with a 5-year holding period.