SpaceX rockets past Amazon, Microsoft in market value days after public listing

By —

SpaceX briefly overtook both Amazon and Microsoft on Tuesday, pushing its market value close to $3 trillion. The rocket maker closed at $201.68 per share, giving it a valuation of roughly $2.64 trillion.

According to data from AlphaSpace, SpaceX now trails only Nvidia, Alphabet, Apple, Microsoft, and Amazon among US public companies. The milestone came just days after its public debut.

From its opening trade price of $150, SpaceX gained about 50% at Tuesday's high. That added nearly $1 trillion in market value. Measured from its $135 IPO price, the stock had surged 67% by early Tuesday morning.

At its peak, SpaceX cleared Amazon's $2.65 trillion valuation and edged past Microsoft's $2.93 trillion. It briefly sat inside the top four most valuable US companies.

The rally followed a historic Monday. SpaceX's public listing was the largest IPO ever. Elon Musk became the world's first trillionaire as the stock jumped nearly 20% on day one.

Forex News

Nigerian equities market rebounds with N1.58 trillion gain
ABOKI FOREX
NRS confirms: Banks now charge 7.5% VAT on ATM card fees, not on savings
ABOKI FOREX
Naira gains as FX turnover hits $1.5bn in single day, CBN Cardoso credits reforms
ABOKI FOREX
Nigeria Launches Atlas Network to Lead Africa's Homegrown AI Push
ABOKI FOREX
Bosun Tijani Foundation Opens Gen AI Fellowship Cohort 2 with N50,000 Monthly Stipend for Nigerian Youths
ABOKI FOREX
FG Launches YouthCred Loan Scheme: N5,000 to N5 Million for NYSC Members, Salaried Workers, Entrepreneurs
ABOKI FOREX
Young Nigerian founders can now apply for iDICE N10 million startup scheme
ABOKI FOREX
Okada fares surge 130% in three years under Tinubu, NBS data shows
ABOKI FOREX
19 countries outside Africa Nigerians can visit without a visa in 2026
ABOKI FOREX
Single-day $1.5bn FX transaction lifts naira as market turnover surges
ABOKI FOREX