SpaceX shares extended their powerful post-IPO rally on Tuesday, pushing the company’s market value above Amazon and briefly ahead of Microsoft.
SpaceX stock closed 4.83% higher at $201.80. At that price, the company carried an implied market capitalization of approximately $2.65 trillion, around $8 billion more than Amazon.
SpaceX Stock Jumps 50% From Its IPO Price
SpaceX priced its initial public offering at $135 per share on June 12, 2026. The record-breaking IPO initially raised $75 billion, making it the largest public offering in history.
Underwriters exercised their overallotment option on June 15, increasing the total proceeds to approximately $85.7 billion.
Following Tuesday’s close, SpaceX shares were trading around 50% above their IPO price after only four market sessions. The rapid advance has surprised even experienced market participants.
SpaceX Briefly Reaches a $3 Trillion Valuation
The rally became even more dramatic during Monday’s after-hours session.
SpaceX shares briefly climbed to $229.85, lifting the company’s implied valuation above $3 trillion. At that level, SpaceX temporarily surpassed both Amazon and Microsoft.
The stock later pulled back during Tuesday’s regular session. However, an intraday high of $225.64 still placed SpaceX above Amazon and close to Microsoft in the rankings of the world’s largest companies.
Elon Musk Returns to the Top of Wealth Rankings
The SpaceX rally has also reshaped the list of the world’s wealthiest individuals.
As the company’s market value moved above $2.7 trillion during the session, the value of Elon Musk’s SpaceX stake increased sharply.
The surge pushed the SpaceX chief executive back to the top of global wealth rankings and widened his lead over other billionaires.
Options Trading Adds Fuel to the Rally
The launch of listed SpaceX options has been widely cited as an important driver of the latest price increase.
Options allow more investors to take bullish or bearish positions on the stock. They can also amplify volatility when market makers buy or sell shares to hedge newly created contracts.
Hedging activity linked to call options may therefore be contributing to the strength of the SpaceX share-price rally.
Leveraged SpaceX ETFs Record Strong Gains
Leveraged exchange-traded funds tracking SpaceX also posted significant gains on Tuesday.
The ProShares Ultra SpaceX ETF closed around 10% higher at $38.37. Meanwhile, the GraniteShares 2x Long SpaceX Daily ETF rose approximately 9.8% to $38.26.
These gains were broadly consistent with the performance expected from funds designed to deliver twice the daily return of SpaceX shares.
Several additional leveraged and inverse SpaceX products are now available on the New York Stock Exchange. These instruments allow traders to speculate on both upward and downward movements in the stock.
SpaceX Trading Volume Remains Elevated
Approximately 311.4 million SpaceX shares changed hands during Tuesday’s session. This compared with an early average of around 389 million shares.
However, SpaceX has traded publicly for only four sessions. As a result, its average volume is still being established.
Heavy activity in leveraged funds and options suggests that a meaningful portion of trading may be linked to structured products rather than direct purchases by long-term shareholders.
Tokenized SpaceX Shares Test Crypto Markets
The SpaceX IPO is also influencing the digital-asset sector.
A tokenized version of SpaceX stock is trading as SPACEX/USD on Biconomy.com. The product highlights growing demand for blockchain-based versions of publicly listed equities.
The launch is also testing whether cryptocurrency platforms can handle the trading interest generated by one of the largest IPOs ever completed.
Can SpaceX Reach a $3 Trillion Market Cap?
Investors will now watch whether SpaceX can maintain a valuation near $2.7 trillion and make another attempt to cross the $3 trillion threshold.
The session high of $225.64 represents an important near-term resistance level. Meanwhile, the $135 IPO price remains a major psychological reference point for longer-term investors.
Future analyst price targets could become another important catalyst once the post-IPO quiet period expires.
Traders will also monitor options activity, potential index inclusion and the eventual release of locked-up shares. Until then, market sentiment and speculative trading flows are likely to remain the main forces behind SpaceX stock.
