SpaceX tops Amazon and Microsoft in market value as retail investors race to buy shares

MarketsSpaceX tops Amazon and Microsoft in market value as retail investors race to buy shares“There is only one stock retail [investors] care about right now,” one research team wrote in a note to clients.Listen to this article with a free account00:0000:00SpaceX’s value now makes it the the world’s fourth largest publicly-traded company, leapfrogging both Amazon and Microsoft.Ethan Swope / Bloomberg via Getty Images fileShareAdd NBC News to GoogleJune 16, 2026, 10:09 AM EDTBy Steve KopackSpaceX shares continued to soar in their third day of trading Tuesday, gaining another 15% as buyer interest in Elon Musk’s largest company showed no sign of slowing down.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.Ever since SpaceX shares began trading on the Nasdaq Friday afternoon, the company’s stock price has climbed more than 45% from $150 to more than $220, pushing its market value to $2.94 trillion.The company debuted at a value of $1.77 trillion, and it has gained nearly $1 trillion in value since then.SpaceX’s value now makes it the the world’s fourth largest publicly-traded company, leapfrogging both Amazon and Microsoft.“There is only one stock retail [investors] care about right now,” wrote researchers at Vanda in a note to clients on Monday night. “On a net basis, retail investors have now bought almost as much SPCX over the last two sessions as they bought across the entire US stock market last week,” they wrote, referring to the ticker symbol under which SpaceX trades.On Tuesday morning, SpaceX announced that it had formally sealed a deal to acquire the AI coding firm Cursor in a deal that values the AI company at $60 billion. SpaceX and Cursor had already agreed to the outline of a deal in April that gave SpaceX the option to acquire it, “or pay $10 billion for our work together.”SpaceX shares could see even more volatility on Tuesday, when some financial exchanges are set to begin enabling trading in SpaceX...