Key Highlights
- SPCX shares ended Tuesday’s session at $201.80, representing a 4.83% daily gain and a market capitalization of approximately $2.66 trillion — now exceeding Amazon’s valuation
- Pre-market trading Wednesday saw shares climb an additional ~3.5%, bringing total post-IPO appreciation beyond 50% from the initial $135 offering price
- Intraday highs reached $225.64 on Tuesday, momentarily elevating the company’s worth above $3 trillion and overtaking Microsoft
- The aerospace giant revealed plans for an all-stock acquisition of Cursor creator Anysphere, valued at $60 billion
- Leveraged exchange-traded funds mirroring SPCX performance saw substantial gains; options trading cited as major momentum catalyst
On June 12, 2026, SpaceX completed its public market debut at $135 per share in what became the most substantial initial public offering on record, generating $75 billion in capital — a sum that expanded to $85.7 billion following the underwriters’ greenshoe option exercise on June 15.
Merely four trading days later, shares concluded Tuesday’s trading at $201.80, posting a 4.83% increase and establishing an estimated market valuation of approximately $2.66 trillion for SpaceX. This figure stands roughly $8 billion higher than Amazon’s current market capitalization.
Space Exploration Technologies Corp., SPCX
As of 5:21 AM ET on Wednesday, SPCX continued its upward trajectory with an additional 3.5% gain in pre-market activity, bringing cumulative appreciation to over 50% since the initial offering.
Tuesday’s trading session delivered even more remarkable intraday action. The stock peaked at $225.64, momentarily elevating its market capitalization beyond $3 trillion and surpassing Microsoft, temporarily securing its position as the globe’s fourth most valuable publicly traded entity. Although shares retreated from that zenith by closing time, the intraday surge underscored extraordinary investor appetite.
Following Tuesday’s close, SpaceX trailed only Nvidia ($5T), Alphabet ($4.5T), Apple ($4.4T), and Microsoft ($2.9T) in terms of market capitalization.
Anysphere Acquisition Accelerates Momentum
Prior to Tuesday’s market open, SpaceX disclosed its intention to acquire Anysphere — the developer behind the AI-powered coding platform Cursor — through an all-stock transaction placing the startup’s value at $60 billion. Under the agreement terms, a SpaceX subsidiary will consolidate with Anysphere, integrating Cursor as a fully owned division. The transaction awaits regulatory clearance and is projected to finalize during Q3.
SpaceX had previously negotiated an option in April to purchase Cursor for $60 billion, alternatively structured as a $10 billion arrangement for a narrower technology collaboration.
This strategic move follows SpaceX’s February consolidation with Elon Musk’s xAI venture, reinforcing the company’s aggressive expansion into enterprise artificial intelligence solutions.
Derivatives Trading and Leveraged Instruments Magnify Price Action
Options market dynamics have been frequently identified as a significant catalyst behind SPCX’s accelerated appreciation. When market makers hedge newly written call contracts, they must purchase the underlying equity, potentially creating an upward price spiral through self-reinforcing buying pressure.
Leveraged exchange-traded products have mirrored this volatility precisely. ProShares Ultra SpaceX ETF (SPCF) concluded Tuesday’s session up 10.16% at $38.37, while GraniteShares 2x Long SpaceX (SPAL) advanced 9.84% to $38.26. Multiple additional leveraged and inverse instruments are available on NYSE, including offerings from Direxion’s LOFF, Tradr’s SPCM, and Defiance’s SPCU.
Trading volume for SPCX registered approximately 311.4 million shares on Tuesday, falling short of the four-day average of roughly 389 million shares.
Not all market observers view the rally as fundamentally supported. Critics highlight that SpaceX has not yet achieved profitability, and with merely 3% to 4% of total equity available for public trading — resulting in a constrained float — price movements can experience exaggerated volatility.
A tokenized representation of SPCX has also emerged on cryptocurrency platform Biconomy.com, demonstrating that the public listing has attracted attention across both conventional and decentralized financial ecosystems.
In Wednesday’s pre-market session, SPCX was changing hands near $208.
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