SpaceX Stock Soars After IPO, Briefly Surpasses Microsoft to Rank 4th in Global Market Cap

Elon Musk's aerospace company SpaceX saw its shares rise approximately 6% in early trading today, continuing the momentum from its record-setting IPO last week, with its market capitalization briefly surpassing that of Microsoft to become the fourth most valuable company globally.

According to U.S. financial media CNBC, SpaceX's market cap reached $2.94 trillion during morning trading today, exceeding Microsoft's $2.93 trillion, briefly making it the fourth-largest company by market value in the U.S. (and globally).

SpaceX currently ranks fifth globally in market capitalization, having surpassed Amazon's market cap of approximately $2.66 trillion. However, to catch up with Apple, the third-largest company globally with a market cap exceeding $4.3 trillion, SpaceX faces a significantly higher hurdle.

This surge reflects strong investor confidence in SpaceX's long-term vision, including its Starlink satellite internet service, reusable rocket technology, and ambitions for interplanetary travel. The company continues to redefine the commercial space industry and attract capital at an unprecedented scale.