SpaceX Market Cap Tops $3 Trillion, Overtakes Amazon Four Days Post-IPO
AMZN•SpaceX’s stock climbed 6% Monday after a 19% jump Friday, pushing its market cap past $3 trillion and overtaking Amazon’s valuation four days after its $135 IPO. The company raised about $75 billion in the largest IPO ever, and its 2025 revenue reached $18.7 billion with a net loss near $5 billion as Q1 capital spending doubled to $10.1 billion.
1. SpaceX Surpasses Amazon in Market Cap
Pre-market trading valued SpaceX at roughly $213 per share, lifting its market capitalization past $3 trillion and placing it among the five largest U.S. public companies, overtaking Amazon for the first time on the fourth trading day.
2. IPO Performance and Share Movements
SpaceX priced its shares at $135, raising nearly $75 billion in the largest IPO in history, then saw its stock jump 19% on its first Friday and an additional 6% on Monday, driving rapid valuation gains.
3. Financial and Capital Expenditures
In 2025, SpaceX reported $18.7 billion in revenue and a net loss close to $5 billion; first-quarter capital spending surged to $10.1 billion from $4.1 billion year-over-year, largely funding AI-related projects including xAI integration.
4. Analyst Ratings and Employee Wealth Impact
Analyst targets vary widely, from a $63 fair value to a $165 long-term target, while over 4,400 employees became millionaires post-IPO, subject to lockups on more than 60% of pre-offering shares and a 366-day CEO lockup.




