SpaceX (NASDAQ: SPCX) briefly surpassed Amazon.com in market capitalization on June 16 as investors continued piling into shares following the company’s record-setting initial public offering, according to a Reuters report. Reuters reported that shares of Elon Musk’s rocket, satellite and artificial intelligence company climbed as much as 10%, pushing its valuation above $2.7 trillion and, at one point, ahead of both Amazon and Microsoft among the world’s most valuable companies. The surge was fueled in part by the launch of options trading in SpaceX shares and growing investor enthusiasm surrounding the company’s expanding presence in space technology, communications and artificial intelligence.
Reuters noted that analysts expect additional buying pressure as SpaceX is positioned for inclusion in major equity indexes, including the Nasdaq-100, FTSE Russell and MSCI indexes later this month. The report was written by Echo Wang and Suzanne McGee. The stock’s rapid ascent follows last week’s historic IPO, which raised approximately $75 billion and valued the company at $1.77 trillion, the largest public offering on record.
As of 11:30 a.m. ET on June 16, 2026, SpaceX stock (NASDAQ: SPCX) was trading at approximately $211.63, up about 10%, with a market capitalization exceeding $2.7 trillion.
To view the full Reuters article by Echo Wang and Suzanne McGee, visit https://ibn.fm/zKmyi
About SpaceX
SpaceX is a space technology, satellite communications and artificial intelligence company founded by Elon Musk. The company operates the Falcon launch vehicle family, the Starlink satellite internet network and a growing portfolio of AI initiatives. Following its historic public debut in 2026, SpaceX became one of the world’s largest publicly traded companies, with businesses spanning aerospace, communications, defense and advanced computing.
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