SpaceX stock looks to continue momentum after surpassing Amazon in market cap

2026-06-17 | original

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Why This Matters

The rapid rise of SpaceX's market valuation signifies a major shift in investor confidence and the potential for private aerospace companies to become dominant players in the tech industry. This momentum highlights the increasing importance of space exploration and related technologies in shaping future economic growth and innovation for consumers and businesses alike.

Key Takeaways

SpaceX's market cap has surpassed Amazon and briefly exceeded Microsoft, marking a significant milestone.
Investors are highly optimistic about SpaceX's long-term revenue potential, with Elon Musk projecting up to $1 trillion in 2030.
Despite recent losses, SpaceX's stock rally reflects strong market confidence in its future growth prospects.

SpaceX shares rose on Wednesday, as the Elon Musk-led company extended a remarkable rally that's seen the stock surge around 50% since its blockbuster IPO on Friday, which offered shares at a set $135.

Consistent gains for SpaceX this week pushed its market cap above Amazon on Tuesday, and it briefly surpassed Microsoft to become the fourth-largest company by valuation in the U.S.

SpaceX had a market cap of $2.66 trillion at close on Tuesday.

Investors are betting big on the promise of Musk's ability to drive long-term returns.

Musk posted on X on Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030.

SpaceX posted a $4.9 billion net loss in 2025, and it lost $4.28 billion in the first quarter of this year.

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