SpaceX surges past Amazon and Microsoft in market cap, becoming fourth-biggest U.S. company
u/Luka77GOATic ·
Reddit — r/stocks
· June 16, 2026 at 14:11
· ⬆ 32 pts
· 💬 37 comments
| View on Reddit ↗
No analysis available.
Score32
Comments37
Upvote %88%
▶ Full Post Text
SpaceX shares surged about 13% on Tuesday, as Elon Musk’s rocket-builder continued its meteoric rise following a record-breaking IPO on Friday.
With the skyrocketing share price, SpaceX overtook Microsoft
in market cap, becoming the fourth-largest company in the U.S. SpaceX’s market cap stood at $2.94 trillion, while Microsoft is valued at $2.93 trillion.
The move comes after SpaceX shares jumped 20% in their first full day of trading after a blockbuster debut.
Earlier on Tuesday, SpaceX announced it would acquire popular artificial intelligence coding agent Cursor for $60 billion.
Musk, who serves as CEO of SpaceX, posted on X on Sunday that the company “might be able to reach approximately” $1 trillion revenue in 2030.
That would be a huge jump from the $18.7 billion in revenue it made in 2025. The company posted a $4.9 billion net loss in 2025, and it lost $4.28 billion in the first quarter of this year.
Source: https://www.cnbc.com/2026/06/16/spacex-stock-rally-market-cap.html