Morning Edition · Wednesday, June 17, 2026
SpaceX Passes Amazon to Become the Fifth Most Valuable Listed Company
Three days after a market debut that raised about 75 billion dollars, the rocket maker's market value briefly topped three trillion dollars.
Three trading days after its market debut, SpaceX overtook Amazon to become the world's fifth most valuable listed company, Euronews reported. During Tuesday's session the shares climbed as high as 225.60 dollars, briefly pushing the valuation above three trillion dollars and, for a short time, above Microsoft.
SpaceX priced 555.6 million Class A shares at 135 dollars each, raising about 75 billion dollars, more than the 29.4 billion dollars Saudi Aramco raised in 2019. By Tuesday's close only Nvidia, Alphabet, Apple and Microsoft had larger market values.
The rise in the share price coincided with an aggressive expansion into software. SpaceX said it would acquire Anysphere, the parent of the artificial-intelligence coding startup Cursor, for 60 billion dollars. The combination of a very large fundraising and immediate large acquisitions concentrates an extraordinary amount of capital and investor enthusiasm in a single company controlled by its founder.
What this means
A debut valuation near three trillion dollars for a company with concentrated control and ambitious acquisitions shows how much appetite for risk is present in equity markets now. It also illustrates how loose financial conditions can direct enormous capital toward a small number of companies, a concentration that a sound-money analysis treats as a warning about mispriced risk.
What to watch
- Whether SpaceX holds its valuation once early trading enthusiasm settles
- Regulatory review of the Anysphere and Cursor acquisition
- How the listing affects appetite for other large technology offerings
Observations to monitor, not financial advice.
Source: Euronews
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