SpaceX Stock Surges Past Amazon After Record IPO

What happened with SpaceX stock this week?

SpaceX (NASDAQ: SPCX) closed at $201.80 on Tuesday, June 16, 2026, surpassing Amazon in market capitalization. That close put SpaceX's implied market cap at roughly $2.66 trillion — about $8 billion above Amazon's. The stock has now gained approximately 50% from its $135 IPO price in just four trading sessions, according to Yahoo Finance.

How big was the SpaceX IPO?

SpaceX priced its IPO at $135 per share on June 12, 2026, on the Nasdaq. It raised $75 billion initially, making it the largest public offering in history. Underwriters then exercised their greenshoe option on June 15, lifting total proceeds to $85.7 billion. SpaceX President and COO Gwynne Shotwell rang the Opening Bell at the Nasdaq on June 12.

How did SPCX perform on its first trading days?

Here is a session-by-session breakdown of SPCX's post-IPO price action:

Trading volume on IPO day topped 500 million shares. That approached Facebook's 2012 debut, when close to 580 million shares were traded, per CNBC.

You might also like

Sen. Warren Demands SEC Halt SpaceX IPO

AI Productivity Boom Won't Fix the US Deficit

US Holds Back DeepSeek Trade Blacklist

OpenAI Burned $3.7B in Q1 2026

Did SpaceX briefly pass Microsoft too?

Yes, briefly. In after-hours trading on Monday, SPCX touched $229.85. That pushed its implied market value above $3 trillion, leapfrogging both Amazon and Microsoft at the same time. During Tuesday's regular session, the intraday high reached $225.64, keeping SpaceX above Amazon and neck-and-neck with Microsoft for fourth place among the world's most valuable companies.

What is driving the post-IPO rally?

Several factors are cited. Options listing activity has been widely noted as an accelerant. When market-makers hedge freshly written call options, their hedging flows can amplify moves in the underlying stock. That dynamic appears to be playing out with SPCX.

Leveraged ETFs tracking SPCX also confirmed Tuesday's strength:

• ProShares Ultra SpaceX ETF (SPCF) closed up 10.16% at $38.37
• GraniteShares 2x Long SpaceX Daily ETF (SPAL) gained 9.84% to $38.26
• Additional products from Direxion (LOFF, DOWN), Tradr (SPCM, SPCG), and Defiance (SPCU) are all actively listed on NYSE

Volume on Tuesday ran at roughly 311.4 million shares, against an average of about 389 million. The sources note that average is still being established, given the stock has only been public for four days.

What did Elon Musk say about SpaceX's future revenue?

Elon Musk posted on X on Sunday that SpaceX "might be able to reach approximately" $1 trillion in revenue in 2030. He added in a follow-up post: "And I would be surprised if revenue is not greater than $1T in 2031." SpaceX reported $18.7 billion in revenue in 2025. The company operates the Starlink satellite internet service and a fleet of reusable rockets.

As we read the sources, the gap between $18.7 billion in 2025 revenue and Musk's $1 trillion target by 2030 is the single most striking forward-looking figure in this story — though it comes directly from Musk's own X posts, not from any independent analyst.

What happened to Elon Musk's personal wealth?

As SpaceX's market cap soared past $2.7 trillion, Musk's stake in the company pushed him back to the top of global wealth rankings. He is again the richest person in the world, by a wider margin, as his net worth has risen alongside the stock's post-IPO run.

Is SpaceX stock also trading in crypto markets?

Yes. A tokenized version of SPCX (SPACEX/USD) is actively listed on Biconomy.com. The Yahoo Finance report notes the listing is simultaneously straining both conventional and decentralized market infrastructure.

The key near-term milestones to watch, per the sources, include formal analyst price-target initiations from the underwriting syndicate — typically subject to a quiet period after a listing of this scale — along with index inclusion timelines and any lockup releases.