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stocksJun 16, 2026, 1:04 AM

SpaceX Stock Soars 63% Above IPO Price, Valued Near $2.9 Trillion

SpaceX shares are trading above $220 in overnight trading, giving the company a valuation of nearly $2.9 trillion and putting it within $100 billion of Microsoft's market cap.

SPCXTSLA

SpaceX (ticker SPCX) is now trading above $220 per share in overnight trading, according to market reports. This values the company at approximately $2.9 trillion, less than $100 billion shy of Microsoft's market capitalization.

The stock has surged 63% from its IPO price of $135 per share. Combined with Tesla, the total market cap of both companies has reached a record $4.4 trillion, surpassing Apple and roughly matching Google's valuation.

Additionally, SpaceX raised a record $85.7 billion after underwriters exercised the "greenshoe" overallotment option. The scale of this IPO is unprecedented in history.

Source: The Kobeissi Letter