SpaceX Valuation Peaks at $2.97T, Briefly Tops Microsoft’s $2.93T
MSFT•SpaceX’s shares surged 50% from its $150 opening to a $225.64 high, valuing the company at approximately $2.97 trillion and briefly surpassing Microsoft’s $2.93 trillion market capitalization. The rocket maker now ranks fourth among US public companies, pushing Microsoft to fifth behind Nvidia, Alphabet and Apple.
1. SpaceX’s Rapid Market Cap Rise
SpaceX shares jumped about 50% from its $150 opening to a $225.64 intraday high on Tuesday, boosting its market valuation by nearly $1 trillion to approximately $2.97 trillion within days of its public debut.
2. Microsoft Pushed to Fifth
At the moment SpaceX hit its peak, Microsoft’s market cap stood at roughly $2.93 trillion, temporarily relegating it behind SpaceX and placing it fifth among US public companies.
3. Shifting Landscape Among Top Companies
SpaceX’s entry at fourth position shifts the leaderboard to Nvidia, Alphabet, Apple, SpaceX and Microsoft, underscoring the rapid ascent of the rocket maker into the megacap echelon.
