Space Exploration Technologies Corp. (SpaceX) (NASDAQ: SPCX) briefly surpassed Amazon.com in market capitalization on June 16, as investors continued to pile into shares following the company's record-setting initial public offering, according to a Reuters report. Shares of Elon Musk’s rocket, satellite and artificial intelligence company climbed as much as 10%, pushing its valuation above $2.7 trillion and, at one point, ahead of both Amazon and Microsoft among the world’s most valuable companies.
The surge was fueled in part by the launch of options trading in SpaceX shares and growing investor enthusiasm surrounding the company’s expanding presence in space technology, communications and artificial intelligence. Reuters noted that analysts expect additional buying pressure as SpaceX is positioned for inclusion in major equity indexes, including the Nasdaq-100, FTSE Russell and MSCI indexes later this month. The report was written by Echo Wang and Suzanne McGee.
The stock’s rapid ascent follows last week’s historic IPO, which raised approximately $75 billion and valued the company at $1.77 trillion, the largest public offering on record. As of 11:30 a.m. ET on June 16, 2026, SpaceX stock was trading at approximately $211.63, up about 10%, with a market capitalization exceeding $2.7 trillion.
This development underscores the growing investor appetite for space-focused companies and the broader shift toward industries like artificial intelligence and satellite communications. For the industry, SpaceX's valuation milestone signals that space technology is becoming a mainstream investment sector, potentially attracting more capital and accelerating innovation. For readers, the news highlights the rapid wealth creation possible in public markets and the increasing influence of companies operating at the intersection of aerospace and AI. To view the full Reuters article, visit https://ibn.fm/zKmyi.
SpaceX is a space technology, satellite communications and artificial intelligence company founded by Elon Musk. The company operates the Falcon launch vehicle family, the Starlink satellite internet network and a growing portfolio of AI initiatives. Following its historic public debut in 2026, SpaceX became one of the world’s largest publicly traded companies, with businesses spanning aerospace, communications, defense and advanced computing.
