SpaceX Becomes World’s Fifth Most Valuable Company

SpaceX, founded by Elon Musk in 2002, became the world’s fifth most valuable company by market capitalisation on 16 June 2026 after its valuation moved above Amazon’s. The company listed on the Nasdaq exchange under the ticker symbol SPCX on 12 June 2026, and its initial public offering raised 75 billion before reaching 85.7 billion after the over-allotment option was exercised.

SpaceX Valuation and Market Capitalisation

SpaceX’s valuation touched 2.97 trillion on 16 June 2026 and later closed at about 2.66 trillion, while Amazon’s market capitalisation stood at about 2.65 trillion on the same date. Other market estimates for SpaceX on 16 June 2026 placed its valuation between 2.75 trillion and $2.84 trillion.

Initial Public Offering and Stock Market Listing

The company debuted at an initial share price of 135 on 12 June 2026. The IPO was the largest in history by funds raised, with the final amount rising to 85.7 billion after the underwriters exercised the over-allotment option.

Financial Performance and Acquisition Deal

SpaceX reported revenue of 18.7 billion in 2025 and a net loss of 4.9 billion in the same year. In the first quarter of 2026, the company generated 4.69 billion in revenue and reported a net loss of 4.27 billion.

Important Facts for Exams

• Market capitalisation is the total value of a company’s outstanding shares multiplied by its share price.
• The Nasdaq is a major United States stock exchange that lists technology and growth companies.
• An initial public offering, or IPO, is the first sale of shares by a private company to the public.
• Over-allotment is a mechanism that allows underwriters to sell additional shares beyond the original issue size.

Analyst View and Related Corporate Action

Morningstar described the IPO as significantly overvalued in relation to SpaceX’s financial performance. On 16 June 2026, SpaceX also announced an agreement to acquire the AI coding startup Cursor, whose parent company is Anysphere, for $60 billion in stock, with closing expected in the third quarter of 2026.