Less than a week after going public and the market capitalization of SpaceX (SPCX) is fast approaching $3 trillion U.S.
The commercial space company led by Elon Musk saw its stock rise another 5% on June 16.
That gain gives SpaceX a market valuation of $2.66 trillion U.S., surpassing e-commerce company Amazon (AMZN) to become the fifth largest publicly traded company in the U.S.
At one point on June 16, SpaceX’s market capitalization reached $2.85 trillion U.S., briefly placing it ahead of technology giant Microsoft (MSFT).
Since holding its initial public offering (IPO) on June 12, SpaceX stock has gained 62% amid a strong rally driven largely by individual retail investors.
Investors are buying into the hype and promise of SpaceX founder Musk that the company will eventually produce long-term returns.
Musk recently posted on social media that SpaceX could achieve $1 trillion U.S. of annual revenue by 2030.
In 2025, SpaceX posted a $4.9 billion U.S. net loss. The company lost $4.28 billion U.S. in this year’s first quarter.
Analysts continue to question the valuation of SpaceX given the company is unprofitable and posting hefty losses.
Some analysts say investors are trading the story around SpaceX not the company’s fundamentals.
SpaceX stock finished trading on June 16 at $201.80 U.S. per share. Its IPO was priced at $135 U.S. a share.
Tech Insider
