SpaceX's $2.6 trillion market cap nearly double that of bitcoin

MarketsSpaceX's $2.6 trillion market cap nearly double that of bitcoinEight days after its IPO, SpaceX has surged past $2.5 trillion to become the world's sixth-largest company. And market watchers say it is pulling the risk capital crypto wants.By Shaurya Malwa|Edited by Stephen AlpherUpdated Jun 17, 2026, 12:50 p.m. Published Jun 17, 2026, 12:09 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowSpaceX shares have surged more than 40% since their June 12 debut, giving the company a roughly $2.5 trillion valuation that makes it the world’s sixth-largest firm and nearly twice the size of the entire bitcoin market.The rally is being driven in part by a very limited float and investor enthusiasm for SpaceX’s push into artificial intelligence via its acquisition of xAI and a $60 billion deal for coding startup Cursor, putting it in direct competition with OpenAI and Anthropic.Analysts warn that SpaceX’s lofty valuation—more than 130 times 2025 sales despite a nearly $5 billion net loss—leaves little room for error, and a stumble could rattle broader markets, AI highfliers and crypto just as risk appetite returns.SpaceX (SPCX) has climbed more than 40% since its June 12 debut to a roughly $2.5 trillion market value, making it the sixth-largest company in the world and worth nearly twice the entire bitcoin market.Some of that move is a supply-side quirk. Only about 4.2% of SpaceX's shares were available to trade on day one, so a small pool of stock is setting the price for the whole company.SpaceX's appeal for investors is that it is no longer just a rocket company. The Elon Musk-owned firm's February acquisition of xAI - also owned by Musk - brought the Grok models and data centers with it, putting the company in direct competition with AI heavyweights Anthropic and OpenAI, both of which have filed to go public. That is the same innovation complex crypto trades alongside, and such a rise…

SpaceX's $2.6 trillion market cap nearly double that of bitcoin

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