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SpaceX (NASDAQ: SPCX) continued its remarkable post-IPO surge on Tuesday, climbing 4.83% to close at $201.80 per share and pushing its market capitalization to approximately $2.65 trillion. The milestone allowed SpaceX to overtake Amazon (NASDAQ: AMZN) in market value, placing the aerospace giant among the world’s most valuable publicly traded companies.
The latest rally extends an extraordinary run since SpaceX’s historic initial public offering on June 12, 2026. The company debuted at $135 per share in the largest IPO ever, raising $75 billion before underwriters exercised their greenshoe option, increasing total proceeds to $85.7 billion. In just four trading sessions, SPCX has gained nearly 50%, attracting intense attention from investors and analysts worldwide.
Momentum reached an even higher level in after-hours trading earlier this week when SpaceX shares briefly touched $229.85, lifting the company’s valuation above $3 trillion and temporarily surpassing both Amazon and Microsoft. Although the stock retreated from those highs during regular trading, it still reached an intraday peak of $225.64, reinforcing its position as one of the largest companies by market capitalization.
The rally has also boosted Elon Musk’s wealth significantly. As SpaceX’s valuation expanded beyond $2.7 trillion, Musk’s ownership stake propelled him back to the top of global billionaire rankings, widening his lead as the world’s richest person.
A major catalyst behind the recent gains appears to be the launch of listed options on SPCX. The availability of options has expanded market participation and increased trading activity, while hedging by market makers may be amplifying price movements. Leveraged SpaceX ETFs also reflected the stock’s strength, with several 2x leveraged funds posting gains of roughly 10% during Tuesday’s session.
Trading volume reached approximately 311 million shares, highlighting strong investor interest. Market participants are now closely watching whether SpaceX can maintain support near its current valuation and potentially challenge the $3 trillion mark again. Future catalysts include analyst coverage initiations, index inclusion prospects, lockup expirations, and continued options market activity.
