SpaceX Hits $2.95 Trillion, Overtakes Microsoft to Become World's Fourth-Largest Public Company
SpaceX extended its post-IPO rally on Tuesday, overtaking Amazon and then Microsoft to become the world's fourth-largest public company as its market value climbed to about $2.95 trillion in its third day of trading. The stock was up 54% from the $135 IPO price in premarket trading, enough to move past Amazon's valuation, and gains later in the session carried it beyond Microsoft.
The surge came days after SpaceX increased proceeds from its record IPO to $85.7 billion by exercising the underwriters' overallotment option. Newly listed SpaceX options were among the most heavily traded in the US on Tuesday, with more than 500,000 contracts changing hands in the first hour, even as one market estimate put the shares at roughly 150 times sales, versus 3.6 for Amazon and 9.2 for Microsoft.
From the sources (25 posts)
@financialjuiceSpaceX gains 4.8% on Tradegate vs Friday's closing price
@cnbcAfter Elon Musk’s SpaceX made its debut on the Nasdaq, much ink has been spilled over the company, its valuation, and its position in the burgeoning tech space. The company’s stratospheric IPO has made founder Elon Musk the world’s first t
@cnbcSpaceX shares jumped in premarket trading on Monday following its record-breaking debut last week on the Nasdaq, which marked the biggest initial public offering in history. Shares of SpaceX were around 6% higher at the start of premarket
@cnbcSpaceX gains 6% in premarket after record debut
@businessSpaceX shares jumped in premarket trading Monday, after its blockbuster debut Friday vaulted it into the ranks of the world’s most valuable public companies
@techmemeSpaceX IPO raised a total of $85.7B as underwriters exercised their overallotment of shares, after raising an initial $75B on June 11 (CNBC) (Visit Techmeme dot com for the link and full context!)
@toly👑👑👑
@cnbcSpaceX underwriters have officially exercised their overallotment of shares in the historic initial public offering, bringing the total raised to $85.7 billion, the company announced Monday. Elon Musk’s space and artificial intelligence co
@binanceBinance maintains over 60% market share of SpaceX perpetual futures ($SPCXUSDT), securing its position as our second-largest traded product globally. → $5.6B: 24-hour rolling trading volume (as of June 13). → $9.0B +: Cumulative volume acr
@katie_roofRT @Techmeme: SpaceX IPO raised a total of $85.7B as underwriters exercised their overallotment of shares, after raising an initial $75B on…
@bearlyaiSpaceX is up +11% on its first full trading day and added ~$210 billion to its market cap, which is now at $2.3 Trillion:
@trungtphanRT @bearlyai: SpaceX is up +11% on its first full trading day and added ~$210 billion to its market cap, which is now at $2.3 Trillion: htt…
@trungtphanSpaceX added the equivalent of Hermes or McDonald’s to its market cap today:
@cryptoroverSPACEX JUST HIT A NEW ALL TIME HIGH 🚀 $SPCX is now trading at $179 per share, pushing SpaceX’s valuation to $2.344 TRILLION. It is already up +11.27% today alone.
@kylesamaniRT @armaniferrante: The 24hr volume on @solana right now Backpack - 36.36M xStock -4.35M If you want tokenized SPCX with the best onchain…
@rohanpaul_aiCNBC: SpaceX first raised $75B in its IPO, then investor demand was strong enough for underwriters to use the greenshoe option, selling extra shares and lifting the final total raised to $85.7B . A greenshoe option is a pre-approved “sell
@coindeskMARKETS: $SPCX is up over 10% in its first full day of trading.
@cointelegraph🔥 BIG: SpaceX stock, $SPCX, is up more than 10% on its second day of trading, pushing the company's market value above $2.3 trillion.
@reutersSpaceX set to extend rally after record Wall Street debut
@coinmarketcapLATEST: 💰 Ark Invest bought over $500M in SpaceX stock on its IPO day, marking one of its largest single-day purchases on record.
@fintechfrankRT @CoinDesk: NEW: @SpaceX debuts with 18,712 $BTC on its balance sheet. @Citi tokenizes private company shares on blockchain. @Coinbase le…
@sawyermerrittSpaceX stock closed its second day of trading up 19.6% today, pushing the company's market cap above $2.5 trillion for the first time. SpaceX added $420 billion to its market cap today.
@deitaoneSPACEX STOCK SOARS AFTER BLOCKBUSTER DEBUT SpaceX shares continued their impressive market run, rising 16% after a record-breaking IPO debut. The surge added nearly $340 billion in market value, pushing the company above a $2.4 trillion va
@techmemeSpaceX stock closed up 19.6% on Monday, its first full day of trading; Musk said it "might be able to reach" around $1T revenue in 2030, up from $18.7B in 2025 (@arjunkharpal / CNBC) (Visit Techmeme dot com for the link and full context!)
@frank_liquidSpaceX up 19.6% today. What an incredible day.