Business & Economics
SpaceX IPO Frenzy Catapults Valuation Past Amazon in 72 Hours
On 16 June 2026—only the third trading day after its record $75 billion IPO—SpaceX’s share price spiked to $225.64, pushing its market cap to an intraday $2.97 trillion and briefly vaulting it above Amazon and even Microsoft.
Focusing Facts
- The IPO priced at $135 and, after the greenshoe, raised $85.7 billion, making it the largest equity offering in history.
- More than 1 million SpaceX options contracts traded within the first afternoon of listing on 16 June, intensifying a gamma-squeeze in a public float of only ~4 %.
- SpaceX simultaneously announced a $60 billion all-stock takeover of AI-tool maker Anysphere (Cursor), an immediate ~2-3 % share-dilution event.
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