FX.co ★ SpaceX bursts into top four most valuable companies, overtaking Microsoft and Amazon

Aerospace company SpaceX, founded by Elon Musk, staged a stunning rally in the days following its market debut. According to data from analytics platform TradingView, in mid-June, the high‑tech giant surged into the top‑4 most valuable public companies on the planet, sequentially surpassing IT leaders such as Amazon and Microsoft by market capitalization. As a result of the rally, SpaceX’s market value reached an impressive $2.93 trillion, up sharply from the $2.1 trillion recorded at listing on June 12.

The dazzling rise was driven by record investor demand for the company’s IPO, the scale of which was three times previous historical highs in the US market. With an initial offering price of $135 per share, SpaceX stock jumped 19.22% to $160.95 on June 12. The uptrend continued on June 15, when shares gained another 19.6% to reach $192.50. In subsequent sessions, the shares surged a further 15.5%, settling above $222 per share. The synergies from integrating SpaceX with Musk’s AI developments have turned the company into the main investment hit of the year.

Exchange analysts say further upward movement for the newcomer up the global capitalization ladder looks unlikely for now. The unchanged top three remain IT giants Nvidia, Google, and Apple, whose combined market weight exceeds SpaceX’s current valuation by $1.5 trillion or more. Nevertheless, Musk’s unprecedented market triumph has had an enormous impact on the global financial elite: on June 15, a historic record was set when the combined wealth of the world’s richest people rose by $336 billion in a single day.