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stocksJun 16, 2026, 12:48 AM

SpaceX Stock Surges 9%, Market Cap Hits $2.7 Trillion

SpaceX stock (SPCX) surged 9% in overnight trading, pushing its market capitalization to $2.7 trillion and overtaking Amazon to become the fifth-largest public company.

SPCX

SpaceX stock, under the ticker SPCX, jumped 9% in overnight trading to reach a market capitalization of $2.7 trillion, according to a report from The Kobeissi Letter.

The surge places SpaceX ahead of Amazon, making it the fifth-largest public company by market cap. The move highlights continued investor enthusiasm for the private space firm's prospects, though SpaceX itself remains a privately held company. The reported valuation reflects trading in secondary markets or related instruments.

The overnight gain comes amid broader market interest in space-related equities and follows recent milestones for the company.

Source: The Kobeissi Letter