#SpaceX市值超越微软跻身全球前五 Listed for 3 days, market value approaches 3 trillion USD, Elon Musk's net worth hits 1.3 trillion USD, SpaceX is rewriting the global tech landscape
In the second week of June 2026, the history of the global capital markets was completely rewritten by a "rocket company."
On June 12th, SpaceX officially listed on NASDAQ, with the stock code SPCX. As of the close on June 16th, in just three trading days, SpaceX's stock price soared from the issuance price of $135 to $201.80, a total increase of about 49.5%. During trading, its market cap briefly touched approximately $2.97 trillion, surpassing Microsoft and Amazon, temporarily ranking as the fourth largest globally; by the close, it fell back to $2.66 trillion, surpassing Amazon to become the fifth largest company worldwide.
A company that was still losing $4.9 billion last year is demonstrating through its market performance that investors have extremely high expectations for the development potential of "space + AI."
01 Three trading days, from zero to 2.66 trillion in market value
SpaceX's IPO was destined to be extraordinary from the start. With an offering price of $135, issuing about 555.6 million shares, and a base fundraising of $75 billion. On its first day of listing, the stock closed at $160.95, a 19.22% increase, with a market cap surpassing $2 trillion. But this was just the beginning. On the second trading day (June 15th), SpaceX continued its rally, closing up 19.6% at $192.50. The single-day market cap increased by about $410 billion, reaching $2.52 trillion, ranking sixth among global listed companies.
On the third trading day (June 16th), SpaceX's intraday gains once expanded to 17%, with a market cap touching $2.97 trillion, surpassing Amazon and Microsoft. By the close that day, SpaceX was trading at $201.80, with a market cap of $2.66 trillion, officially overtaking Amazon to become the fifth largest company globally.
In just three trading days, from zero to $2.66 trillion. This is an extremely rare speed of market value growth in the history of global capital markets.
02 $85.7 billion in fundraising, the miracle of the largest IPO "greenshoe"!
SpaceX not only surged rapidly but also raised a lot of capital. Underwriters Goldman Sachs, Bank of America, and J.P. Morgan fully exercised the "greenshoe mechanism" (over-allotment option), purchasing an additional 83.3 million shares from SpaceX. This move pushed the total IPO fundraising from $75 billion to $85.7 billion. To compare, Saudi Aramco's 2019 IPO set a record at $29.4 billion. SpaceX's over-allotment portion alone reached $10 billion, enough to rank among the largest IPOs in history. The IPO attracted over $350 billion in subscription funds, with retail investors subscribing about $100 billion and institutional investors about $250 billion. In the two days before listing, retail buy-ins were equivalent to the total retail buy-ins of the entire U.S. stock market last week. $85.7 billion. This figure not only broke global IPO records but also means SpaceX raised more funding through its listing than many countries' annual fiscal revenues.
03 $1.3 trillion: the first trillionaire in human history
Elon Musk's personal wealth is expanding at a dizzying speed. On June 15th alone, Musk's net worth increased by $164.8 billion, a figure that exceeds the entire net worth of Warren Buffett, the world's tenth-richest person (about $146.4 billion). According to Forbes' real-time billionaire list, Musk's net worth reached $1.3 trillion. This scale is roughly equivalent to the combined net worth of the world's second to sixth richest individuals, about 8.8 times Buffett's. He is about $1 trillion richer than Larry Page, co-founder of Google, who has a net worth of $301.4 billion. Looking at the timeline provides clearer insight: last October, Musk became the first billionaire to reach a net worth of $500 billion; by December, he hit $600 billion; just four days later, he surpassed $700 billion. The listing of SpaceX directly pushed this number into the trillion-dollar range. Musk holds about 4.8 billion shares of SpaceX stock, plus 350 million stock options with an exercise price of $8.40 per share, with an ownership stake of about 38%.
04 Third day of listing, "spending" 60 billion: full stock acquisition of Cursor
While SpaceX's stock price continued to rise, Musk had already issued the first post-listing check, but not a single cent of cash was spent. On June 16th, SpaceX announced a $60 billion all-stock acquisition of AI programming assistant Cursor's developer, Anysphere. Existing Cursor shareholders will convert their shares into SpaceX Class A common stock at an implied valuation of $60 billion, with the merger expected to complete in Q3 2026. This deal had been foreshadowed earlier. In April, SpaceX had obtained an option to acquire Cursor at $60 billion; if they declined, they would pay a $30k cooperation fee. Cursor's annualized B2B revenue is about $2.6 billion, 24 times its valuation from 15 months ago.
Why Cursor? SpaceX explained in its statement that Cursor has "leading products and distribution services aimed at professional software engineers," while SpaceX has "a supercomputer with millions of H100 processors called Colossus," and combining the two will "build the most practically valuable model globally."
Previously, xAI (SpaceXAI) lagged behind OpenAI and Anthropic in the AI programming market. The addition of Cursor is expected to strengthen its layout in AI application layers and developer ecosystems.
The story of SpaceX is essentially a pricing experiment based on "faith." A company that lost $4.9 billion last year has surpassed Amazon and Microsoft in market value within four days. This is not valuation based on current profitability but a collective bet by the capital market on the future of "space + AI"—betting that Starlink can cover 500 million users, orbital data centers can solve Earth's energy bottlenecks, and Cursor can help xAI (SpaceXAI) catch up with OpenAI and Anthropic. The $85.7 billion raised, $2.66 trillion market cap, and $1.3 trillion personal wealth behind these numbers reflect humanity's unprecedented commercial attempt to "leave Earth."
Behind SpaceX's high valuation are the tangible support from the continuous expansion of Starlink and long-term market expectations for AI, orbital computing, and multi-planet infrastructure. Whether these expectations can be gradually realized remains to be seen. But one thing is certain: SpaceX is no longer just a traditional aerospace company but is becoming an important example for global capital markets observing future technological directions. For investors, perhaps what is truly worth continuous attention is not short-term stock price fluctuations but how much of these grand visions can be turned into tangible results in the coming years.
$SPCX 
