{"id":503081,"date":"2026-06-16T20:23:10","date_gmt":"2026-06-16T20:23:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/503081\/"},"modified":"2026-06-16T20:23:10","modified_gmt":"2026-06-16T20:23:10","slug":"shares-of-elon-musks-spacex-soar-past-amazon-science-climate-tech-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/503081\/","title":{"rendered":"Shares of Elon Musk’s SpaceX soar past Amazon | Science, Climate & Tech News"},"content":{"rendered":"

Shares of Elon Musk’s SpaceX soared more than 14% on Tuesday, lifting its value higher than Amazon and briefly Microsoft just days after its debut. <\/p>\n

Shares in the rocket and AI company were selling for $220 (\u00a3164), more than \u200b62% above the $135 (\u00a3101) Initial Public Offering (IPO) price, giving the company a market capitalisation of about $2.85trn (\u00a32.12trn).<\/p>\n

\"SpaceX<\/p>\n

Image:
\n SpaceX share price since IPO.<\/p>\n

SpaceX’s share market<\/a> rally saw the company top Amazon’s valuation of $2.64trn (\u00a31.97trn) and briefly beat Microsoft’s of $2.92trn (\u00a32.18trn), as it joined the ranks of the five most valued companies.<\/p>\n

Amazon’s revenue grew to $717bn (\u00a3543bn) last year, while SpaceX<\/a> reported sales of $18.67bn (\u00a313.91bn) and a net loss of $4.94bn (\u00a33.68bn) after merging with money-losing xAI, in sharp contrast to many of Wall Street’s biggest technology companies that have returned strong profits.<\/p>\n

\"Elon<\/p>\n

Image:
\n Elon Musk during the launch of SpaceX on the stock market. <\/p>\n

Analysts \u2060and portfolio managers said investors should brace for volatility due to SpaceX’s relatively small float and \u200chigh valuation, particularly early on in the company’s life as a public company.<\/p>\n

“We can say with certainty that this valuation makes absolutely no sense today,” said Ipek Ozkardeskaya, senior market analyst at \u200cSwissquote Bank.<\/p>\n

“People are buying SpaceX in the expectation that others will buy too and push the price higher – that’s speculation.”<\/p>\n

\"\"<\/p>\n

Share<\/p>\n

\n The catch in Elon Musk’s SpaceX offering\n <\/p>\n

SpaceX options have also began trading, offering investors another avenue to bet on the future of the newly \u200blisted shares.<\/p>\n

“Today the SPCX options launch, offering standard monthly expiration and strikes ranging from $25 to $380,” said Brent Kochuba, founder of \u200boption analytics platform SpotGamma.<\/p>\n

“If call demand is heavy, dealers might be forced to buy SPCX into this low-liquidity situation.<\/p>\n

“Starting next week we may see index demand increase, with more shares \u2060not slated to be made available for one to two months.”<\/p>\n

\"Elon<\/p>\n

Image:
\n Elon Musk.<\/p>\n

Read more from Sky News:
Thames Water rescue in peril as government opposes deal<\/a>
Fears Dartmoor ponies face cull due to biodiversity plans<\/a><\/p>\n

SpaceX’s rally could continue with the company set for fast-track inclusion in the Nasdaq 100, which will make it a major holding for passive funds and ETFs that track the index.<\/p>\n

\"\"<\/p>\n

Share<\/p>\n

\n Trillion-dollar man: The rise of Elon Musk\n <\/p>\n

FTSE Russell and MSCI are also set to add the \u200bstock to their indexes, from 26 June and 29 June, respectively.<\/p>\n

“While index inclusion alone is typically \u200binsufficient to drive sustained repricing, we see the combination of passive flows, momentum, and limited float driving upside \u2060beyond historical index-addition moves,” brokerage Zephirin Group said.<\/p>\n

SpaceX said on Monday its underwriters had exercised the “greenshoe” option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7bn (\u00a363.86) \u2060from $75bn (\u00a355.88bn).<\/a><\/p>\n

Earlier in the day, SpaceX also said it would acquire software company \u200cAnysphere for $60bn.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Elon Musk’s SpaceX soared more than 14% on Tuesday, lifting its value higher than Amazon and…\n","protected":false},"author":2,"featured_media":503082,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[61,60,82,247],"class_list":["post-503081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-ie","tag-ireland","tag-science","tag-space"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/503081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=503081"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/503081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/503082"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=503081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=503081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=503081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}