In the early days following its IPO, Space Exploration Technologies (NASDAQ: SPCX) briefly topped $2.9 trillion in intraday trading, eclipsing both Amazon (NASDAQ: AMZN) and Microsoft‘s (NASDAQ: MSFT) 2026 low at the time.
However, the trajectories of those stocks have diverged significantly since then. As Amazon traded sideways and Microsoft surged, the space stock experienced a significant pullback as the IPO hype faded. With SpaceX now trading at about $147 — below its opening-day first trading price of $150 — its market cap is about $1.95 trillion.
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In that light, investors might wonder if it’s possible for SpaceX’s market cap to once again surpass those of Amazon and Microsoft….
