SpaceX Market Cap Nears $2.95 Trillion Microsoft Benchmark After 9% Pre-Market Surge
MSFT•SpaceX stock climbed 9% in premarket trading to above $200, lifting its market capitalization to roughly $2.9 trillion. That would place SpaceX within $50 billion of Microsoft’s $2.95 trillion market cap as retail investors drove another $100 million in net buys over two sessions.
1. Stock Performance
SpaceX officially priced its IPO at $135 on June 11, opened trading at $150, closed its first day at $160.95 for a 19.2% gain, then rose 11% to $178 on June 15 and gained 9% premarket on June 16.
2. Market Capitalization Comparison
After the latest surge, SpaceX's market value reached approximately $2.9 trillion, nearly matching Microsoft's $2.95 trillion valuation and bringing the combined cap of SpaceX and Tesla to around $4.2 trillion versus Apple's $4.3 trillion.
3. Retail Investor Demand
Retail investors net bought roughly $100 million of SpaceX shares on both June 15 and June 16, making it the most purchased stock by this group over two sessions and matching net inflows seen across the entire U.S. equity market last week.
4. Potential Impact on Microsoft
SpaceX's rapid valuation climb to near-parity with Microsoft may pressure valuation narratives, potentially reshaping investor allocations and prompting reevaluation of Microsoft's market leadership position.
