Quick Take
- SpaceX stock closed at a $2.65 Tn (Rs 2,21,00,000 Cr) market cap, passing Amazon on June 16, 2026.
- Shares jumped about 50% from the $135 IPO price across just three trading sessions on Nasdaq.
- The surge follows a record $85.7 Bn IPO, the largest public offering in market history.
In This Article
SpaceX stock closed at a market capitalisation of about $2.65 Tn (Rs 2,21,00,000 Cr) on June 16, 2026, passing Amazon to become the world’s fifth most valuable company, Reuters reported.
The rally caps a stunning week for Elon Musk’s rocket and AI firm. SpaceX listed on the Nasdaq on June 12, 2026, at $135 per share. The company raised a record $85.7 Bn (Rs 7,12,000 Cr) after underwriters used the greenshoe option, according to the company’s official investor update. Trading volumes have been huge since.
StartupFeed Insight
A $2.65 Tn price tag on a firm with $18.67 Bn in sales and a $4.94 Bn net loss is a bet on the future, not the present. StartupFeed reads this as a scarcity trade: only about 4.2% of shares trade freely, so small buying moves the price hard. Indian founders eyeing US listings should watch the lock-up expiry closely. We predict SpaceX stock stays highly volatile through 2026, with sharp swings of 10% or more once lock-up shares unlock and selling pressure builds. Treat early prices as speculation, not settled value. By StartupFeed Desk.
SpaceX Stock Rally: The Numbers
The SpaceX stock rally is a post-IPO surge that lifted the firm’s value by nearly $1 Tn in days. The table below sets out the key figures, sourced from company filings and market data.
| Metric | Detail | Notes |
|---|---|---|
| IPO Price | $135 per share | Fixed price, no range (company filing) |
| Total Raised | $85.7 Bn (Rs 7,12,000 Cr) | Largest IPO ever (Reuters) |
| Lead Underwriters | Goldman Sachs, Morgan Stanley | 21-bank syndicate (CNBC) |
| Listing Date | June 12, 2026 | Nasdaq, ticker SPCX |
| Closing Market Cap | $2.65 Tn (Rs 2,21,00,000 Cr) | June 16, 2026, past Amazon (Bloomberg) |
| Intraday High | $225.64 per share | Briefly topped Microsoft (Reuters) |
The most striking fact: more than $3 Bn of SpaceX shares changed hands in early trade, several times the combined volume of Nvidia, Microsoft, Tesla and Apple, Reuters reported.
About SpaceX
Space Exploration Technologies Corp, known as SpaceX, was founded in 2002 by Elon Musk. The Hawthorne, California firm designs and operates reusable rockets and runs Starlink, its satellite internet service. It reported sales of $18.67 Bn last year. After its June 2026 Nasdaq listing, Goldman Sachs and Morgan Stanley led the offering, with a 21-bank syndicate behind the deal.
Why did SpaceX stock surge so fast?
SpaceX stock surged because demand far outran the small supply of freely traded shares. Only about 4.2% of shares were available on day one, Reuters reported. The IPO drew more than $250 Bn in investor orders against a $75 Bn target, GF data showed.
“We can say with certainty that this valuation makes absolutely no sense today. People are buying SpaceX in the expectation that others will buy too,” said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.
The launch of SPCX options on June 16 added fuel. More than 500,000 options contracts traded within the first hour, according to Trade Alert data. Heavy bullish bets likely lifted the stock early in the session.
How does the valuation compare?
SpaceX now ranks fifth among global firms by market value, ahead of Amazon but behind the trillion-dollar leaders. The table compares the top names, using closing values from June 16, 2026.
| Company | Market Cap | Rank |
|---|---|---|
| Microsoft | $2.92 Tn | 4th (Reuters) |
| SpaceX | $2.65 Tn | 5th (Bloomberg) |
| Amazon | $2.66 Tn (passed) | Now behind SpaceX |
What sets SpaceX apart is its mix of rockets, satellite internet and AI under one roof, a blend no rival of its size can match today.
What’s Next
The next test for SpaceX stock is the lock-up expiry, when early backers can sell their shares. That window often brings fresh selling pressure and price swings. Index inclusion is another likely milestone in the coming months, which could draw fund inflows. Will SpaceX stock hold above its IPO price once more shares hit the open market?
Frequently Asked Questions
Last updated: June 17, 2026 at 09:30 IST
Disclaimer: This article is for informational purposes only and does not constitute investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. The analysis above is based on publicly available information and should not be the sole basis for any investment decision. Please consult a SEBI-registered financial advisor before making investment decisions.
Written by Avinash. Published: June 17, 2026. Updated: June 17, 2026. Have a tip? Write to us at editorial@startupfeed.in.
