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SpaceX set to surpass Amazon's market cap as post-IPO rally continues

SpaceX shares climbed for a third straight session, pushing its market valuation past Amazon’s and briefly above Microsoft’s, driven by strong premarket gains and option activity. The company’s stock is now trading near a $2.75 trillion valuation, marking a historic surge since its IPO. Investors are also eyeing SpaceX’s $60 billion AI-focused acquisition, though its impact on valuation remains speculative. Meanwhile, broader market attention has shifted to geopolitical and Fed policy developments.

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What changed

SpaceX’s market cap officially exceeded Amazon’s for the first time on Tuesday, with shares rising 11% in premarket trading and nearing $2.75 trillion.

Live updates

  1. SpaceX market cap nears $2.75T, surpasses Amazon as rally extends

    SpaceX shares climbed for a third straight session, pushing its market valuation past Amazon’s and briefly above Microsoft’s, driven by strong premarket gains and option activity. The company’s stock is now trading near a $2.75 trillion valuation, marking a historic surge since its IPO. Investors are also eyeing SpaceX’s $60 billion AI-focused acquisition, though its impact on valuation remains speculative. Meanwhile, broader market attention has shifted to geopolitical and Fed policy developments.

    What's confirmed:

    • SpaceX shares have gained for three consecutive sessions, continuing a post-IPO rally that has driven its market valuation past Amazon’s and briefly above Microsoft’s.
    • The company’s stock valuation is now approaching $2.75 trillion, up from a $2 trillion valuation on its IPO day.
    • Premarket trading saw SpaceX shares rise 11%, sustaining momentum from the prior two days of gains.
    • SpaceX’s market cap surpassing Amazon’s and Microsoft’s occurred amid a volatile trading day, with heavy activity in the company’s newly listed option contracts.
    • The broader market’s focus has shifted from SpaceX to geopolitical tensions involving Iran and Federal Reserve policy decisions.

    Still unconfirmed:

    • SpaceX is expected to finalize a $60 billion acquisition of Anysphere, a maker of AI-driven cursor technology, with the merger targeting closure in the third quarter of 2026.
    • Analysts speculate a $10,000 investment in SpaceX at its IPO could be worth significantly more in a year, though no specific projection is confirmed.
    • SpaceX’s stock rally is described as 'frenzied,' though no additional details on trading volumes or volatility metrics are provided.
    confidence 98%