#How did SpaceX surpass Amazon in market capitalization?
SpaceX has now reached a significant milestone, becoming more valuable than Amazon. The company's shares rose by 3.9%, elevating its market capitalization beyond that of Amazon, thus positioning SpaceX as the fifth-largest public company in the United States. Trading above $208 per share has resulted in a remarkable increase of over 50% from its initial public offering price of $135 per share just a few days prior.
Currently valuing between $2.75 and $2.84 trillion, SpaceX's market cap occasionally has been estimated to reach up to $3 trillion. In contrast, Amazon's value hovers around $2.66 to $2.72 trillion despite its significant revenue.
#What made SpaceX's IPO historic?
On June 12, 2026, SpaceX launched its IPO, making it the largest IPO in U.S. history, raising $75 billion through the sale of 555.6 million shares priced at $135 each. This placed the initial valuation between $1.75 trillion and $2 trillion. By the end of its first day of trading, shares had closed at approximately $160.95, implying a market cap of about $2.1 trillion.
A mere four days later, the stock surged past the $208 mark, rewarding early investors with returns exceeding 50%.
#How is SpaceX's valuation calculated compared to revenue?
Currently, SpaceX reports $18.7 billion in revenue, implying that the market is valuing the company at roughly 107 times its revenue. This valuation starkly contrasts with Amazon, which trades at a significantly lower revenue multiple.
#What insights should cryptocurrency investors gather?
In addition to its impressive market position, SpaceX holds a substantial amount of Bitcoin, specifically 18,712 BTC valued at $1.29 billion as of March 31, 2026. This positions SpaceX as one of the largest corporate Bitcoin holders.
Prior to going public, crypto platforms were already providing trading opportunities for SpaceX shares. The company's public listing under the ticker SPCX means this demand now has formal access.
#What implications do these developments have for investors?
Elon Musk's wealth has surged, making him the world’s first trillionaire, primarily due to the rise in SpaceX's shares coupled with his other investments.
It is highly anticipated that SpaceX will be included in major stock indices, which will lead to automatic purchasing by index funds and ETFs. This is reminiscent of the favorable market reaction experienced by Tesla upon joining the S&P 500, and SpaceX’s market cap currently exceeds Tesla's at that time.
While giants like Apple, Microsoft, Nvidia, and Alphabet still surpass SpaceX in market cap, the speed at which SpaceX has ascended is remarkable, especially considering its revenue of $18.7 billion surpasses that of Amazon, despite the latter’s hundreds of billions in sales.