SpaceX Rally Tops Microsoft with $2.65 Trillion Market Cap After 4.83% Surge
MSFT•SpaceX shares climbed 4.83% to $201.80, pushing its implied market cap to approximately $2.65 trillion and temporarily overtaking Microsoft’s valuation for fourth place globally. After touching $229.85 in after-hours trading, SpaceX’s cap peaked above $3 trillion before retreating, underscoring competitive pressures for Microsoft to defend its tech titan status.
1. SpaceX Market Capitalization Surge
In the four trading sessions following its IPO pricing at $135 per share on June 12, SpaceX’s stock soared by roughly 50%, closing at $201.80 on Tuesday. That 4.83% rise pushed its implied market capitalization to about $2.65 trillion, briefly overtaking Microsoft for the fourth-largest company globally.
2. Microsoft’s Ranking and Valuation Pressure
Microsoft’s market capitalization was temporarily eclipsed, sliding the software giant to the fifth-largest position as investors digested SpaceX’s rapid ascent. The brief shift underscores potential volatility for Microsoft’s standing amid intensifying competition for top tech market caps.
3. After-Hours Fluctuations and Outlook
After-hours trading saw SpaceX touch $229.85, sending its implied valuation above $3 trillion before a pullback to $225.64, reinforcing the dynamic nature of market valuations at the sector forefront. This volatility highlights the need for Microsoft to maintain growth momentum to defend its rank against high-profile newcomers.
