Spotify Is, For Now, The World's Most Valuable Music Company

The Spotify banner hangs from the New York Stock Exchange on the morning that the music streaming service begins trading shares, on April 3, 2018 in New York City. The question now is: Where to? The Spotify banner hangs from the New York Stock Exchange on the morning that the music streaming service begins trading shares, on April 3, 2018 in New York City. The question now is: Where to? Following its successful public listing yesterday, the music streaming service Spotify is now worth around $25 billion, making it the largest music company in the world -- but when Spotify first débuted, back in 2008, it was reasonable to think it would fail. Headquartered in Sweden, a country whose recording industry had shrunk to a third of its previous size due to piracy, the company was located far from the Silicon Valley sphere of influence.