Newsmax's stock has seen a significant increase of over 2,000% since its initial public offering (IPO), resulting in its CEO becoming a billionaire. Despite incurring losses of $72.2 million in 2024, Newsmax's value has surpassed that of Trump Media and Fox Corp, thanks to strong interest from retail investors. The company's IPO debut has drawn comparisons to Trump Media & Technology Group as both companies, despite financial losses, are highly valued. Newsmax's stock rose by 179% to $233 per share, a remarkable surge from its $10 debut. This surge in market capitalization to nearly $30 billion makes Newsmax more valuable than its media counterparts. The company's stock has attracted retail investors, particularly with speculation surrounding Donald Trump's potential return to the White House. While Newsmax's stock has gained attention, the company has reported increased losses of $72.2 million in 2024, up from $41.8 million in 2023, although revenue grew from $135.3 million in 2023 to $171 million in 2024. On the other hand, Trump Media reported losses of $400.9 million in 2024, compared to $58.2 million in 2023. Newsmax's impressive IPO performance is reminiscent of Trump Media's debut in March 2024, which was marked by a surge in stock value followed by fluctuations. Trump Media, which merged with Digital World Acquisition Corp to go public, has experienced a fluctuating stock value, reaching both highs and lows. Trump Media shares closed at $20.26 apiece on Tuesday, experiencing a decline of 40.6% so far in the year.