SpaceX Market Cap Hits $2.65 Trillion, Surpasses Amazon and Microsoft Briefly
SPCX•SpaceX shares jumped 4.83% to $201.80, lifting its implied market cap to $2.65 trillion—$8 billion above Amazon and briefly topping Microsoft’s valuation. The stock has rallied roughly 50% since its $135 IPO, buoyed by an $85.7 billion offering with greenshoe exercise and heavy options volume.
1. Historic IPO and Greenshoe
SpaceX priced its initial public offering at $135 per share on June 12, 2026, raising $75 billion in what stands as the largest IPO in history. Underwriters exercised the greenshoe option on June 15, increasing total proceeds to $85.7 billion and expanding the float.
2. Market Cap Surge Past Peers
On Tuesday the stock rose 4.83%, closing at $201.80 and pushing its implied market capitalization to $2.65 trillion—about $8 billion higher than Amazon’s valuation. In after-hours trading shares briefly touched $229.85, lifting the implied valuation above $3 trillion and ahead of Microsoft.
3. Musk’s Wealth Resurgence
The surge in market capitalization propelled CEO Elon Musk back to the top of global wealth rankings. As the stock climbed roughly 50% since the IPO, his stake’s value surged, further widening the gap to the next wealthiest individuals.
4. Options and ETF Dynamics
The introduction of listed options expanded participation and accelerated the rally, as market-makers hedging newly opened call positions added convexity to price moves. Leveraged ETFs tracking SpaceX also confirmed the strength, with 2x products gaining in line with the underlying rally.
