SpaceX (SPCX) isn’t just chasing Mars anymore. It’s racing up the stock market’s leaderboard in real time. Less than a week after its June 12 IPO, SpaceX jumped about 62%, pushing the company’s value to $2.04 trillion and briefly as high as $2.85 trillion on June 16. That move was enough to surpass Amazon (AMZN) and even edge past Microsoft (MSFT) for a moment, putting SpaceX firmly among the five most valuable public companies.
This shift in value is being driven by more than rockets and Starlink. They are betting that its new neocloud business can turn into a steady, long‑running stream of revenue. Big suppliers like Nvidia (NVDA) and Intel (INTC) see that shift as a lasting driver of demand for their chips and gear rather than a short‑term boost.
