Stock Market Today: SpaceX Overtakes Amazon in Market Value
SpaceX’s market capitalization has exceeded Amazon’s, reaching approximately $2.8 trillion as its stock price continues to climb. The company’s valuation now ranks it as the fourth-largest U.S. firm, surpassing Microsoft. Analysts highlight concerns over valuation metrics, while Elon Musk’s projections for future revenue fuel investor momentum.
What changed
SpaceX’s market cap officially topped Amazon’s on June 16, 2026, marking its third consecutive day of gains and solidifying its position as the fifth most valuable company globally.
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SpaceX Surges Past Amazon as Valuation Hits $2.8 Trillion on Third Day of Gains
confidence 92%SpaceX’s market capitalization has exceeded Amazon’s, reaching approximately $2.8 trillion as its stock price continues to climb. The company’s valuation now ranks it as the fourth-largest U.S. firm, surpassing Microsoft. Analysts highlight concerns over valuation metrics, while Elon Musk’s projections for future revenue fuel investor momentum.
What's confirmed:
- SpaceX’s stock price has risen over 11% in premarket trading on June 17, 2026, continuing a three-day rally.
- The company’s market valuation now exceeds $2.8 trillion, surpassing Amazon’s valuation and placing it ahead of Microsoft as the fourth-largest U.S. firm by market cap.
- Elon Musk stated on June 16 that SpaceX ‘might be able to reach approximately’ $1 trillion in annual revenue by 2030, fueling investor optimism.
- SpaceX’s AI-related deal last week reshaped Nasdaq leadership and intensified momentum in high-growth tech sectors.
- The company’s price-to-sales ratio is nearly 150, compared to Amazon’s ratio of under four, raising valuation concerns among analysts.
Still unconfirmed:
- SpaceX’s rapid valuation surge may indicate a speculative bubble, given its reported $4.9 billion loss in 2025 compared to Amazon’s $77 billion in annual revenue.