SpaceX’s IPO Skyrockets Past Amazon in Market Value

SpaceX’s landmark debut on the public markets has not only shattered IPO records—it has vaulted the company ahead of Amazon in market capitalization, igniting investor excitement and sparking fresh debate over valuation dynamics in the age of AI and space convergence.

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1. A Record-Breaking Debut

On June 11, SpaceX priced its initial public offering at $135 per share, raising a staggering $75 billion—instantly making it the largest IPO in history and valuing the company at approximately $1.77 trillion . Trading began on June 12 under the ticker SPCX on Nasdaq, where shares opened around $150 (an 11% premium), peaked near $176 intraday, and closed up about 19% at $160.95 .

2. Surpassing Amazon: A New Benchmark

By June 16, just three trading days after its debut, SpaceX’s market capitalization had surged past Amazon’s estimated $2.65 trillion as of June 5 . With continued gains—driven in part by a $60 billion all-stock acquisition of AI startup Cursor—SpaceX’s valuation ballooned to as much as $2.7 trillion, briefly overtaking both Amazon and Microsoft .