{"id":505332,"date":"2026-06-22T11:29:27","date_gmt":"2026-06-22T11:29:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/505332\/"},"modified":"2026-06-22T11:29:27","modified_gmt":"2026-06-22T11:29:27","slug":"elon-musks-spacex-is-already-closing-in-on-microsofts-market-cap-and-a-big-apple-milestone","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/505332\/","title":{"rendered":"Elon Musk’s SpaceX is already closing in on Microsoft’s market cap and a big Apple milestone"},"content":{"rendered":"\n

It’s blastoff for newly minted public rocket company SpaceX (SPCX<\/a>).<\/p>\n

SpaceX stock is up 9% in premarket trading on Tuesday, indicating an open of above $200 for the first time. At this level, SpaceX would open with a market cap of more than $2.9 trillion.<\/p>\n

And with that comes a few milestones.<\/p>\n

A $2.9 trillion market cap for SpaceX would put it roughly in line with tech heavyweight and nicely profitable Microsoft (MSFT<\/a>), with a $2.95 trillion market cap, according to Yahoo Finance AlphaSpace<\/a> data.<\/p>\n

What’s more, the combined market cap of Elon Musk’s SpaceX ($2.9 trillion) and Tesla (TSLA<\/a>) ($1.3 trillion) would be near the $4.3 trillion market cap of Apple (AAPL<\/a>), which is also nicely profitable, unlike SpaceX.<\/p>\n

To say it has been a sizzling start for SpaceX would be an understatement.<\/p>\n

SpaceX officially priced its stock at $135 on June 11, offering 555.6 million shares. The pricing valued SpaceX at $1.78 trillion.<\/p>\n

SpaceX made its historic public debut on the Nasdaq on June 12, when the stock officially opened for trading around midday at $150 per share.<\/p>\n

Driven by heavy demand from both institutional and retail investors, the stock steadily climbed throughout the session before closing its first day at $160.95.<\/p>\n

<\/a> <\/p>\n

The public debut of Elon Musk’s rocket and AI company is expected to make history. <\/p>\n

\"SpaceX <\/a> <\/p>\n

This successful 19.2% gain from its initial offering price instantly catapulted SpaceX to a massive $2.1 trillion market capitalization, according to Yahoo Finance AlphaSpace<\/a>.<\/p>\n

SpaceX stock rose another 11% to $178 on Monday in its second day of trading.<\/p>\n

It topped the leaderboard as the most bought stock by retail investors<\/a> for a second consecutive session on Monday, with net buying of around $100 million, according to data from Vanda Research.<\/p>\n

On a net basis, retail investors have now bought almost as much SpaceX over the past two sessions as they bought across the entire US stock market last week.<\/p>\n

Brian Sozzi<\/a> is Yahoo Finance’s Executive Editor and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X @BrianSozzi<\/a>, Instagram<\/a>, and LinkedIn<\/a>. Tips on stories? Email brian.sozzi@yahoofinance.com.<\/p>\n

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