SpaceX has rocketed to a $2.6 trillion valuation, briefly surpassing Amazon to claim the rank of fifth most valuable company in the world — and it did so in just three trading sessions since its shares began publicly trading on Friday, according to TechCrunch.
That milestone puts the milestone in stark relief: Amazon took nearly three decades to reach a comparable scale, while SpaceX closed the gap in a matter of days, according to reporting aggregated by Yahoo Finance.
The surge adds roughly $1 trillion in valuation since SpaceX's shares first started trading, TechCrunch reported. The stock's climb coincided with a broader market moment — the Economic Times noted Tuesday saw the Dow Jones touch a fresh record high, aided by optimism around a potential U.S.-Iran deal that pushed oil prices lower.
But the euphoria comes with caveats. CNBC cautioned that SpaceX's stock has yet to face true price discovery, meaning the market hasn't fully tested whether the valuation reflects the company's fundamentals or early-trading momentum. The stock's "blistering start still faces key tests that will determine its true value," CNBC wrote.
The question now making rounds in financial media, per Yahoo Finance: could SpaceX overtake Nvidia — currently the world's most valuable company — before the year is out?
For everyday observers, the story matters because SpaceX's ascent marks the first time a private rocket company has muscled its way into the same tier as the giants of tech retail and cloud computing, rewriting assumptions about where serious money flows in the space economy.