Spacex Surpasses Amazon in Market Valuation, Reaches $2.7T

WHO:

Drudge Report - SpaceX, Amazon

WHAT:

Drudge Report - SpaceX surpassed Amazon in market capitalization.

TechCrunch - SpaceX's valuation reached $2.7 trillion.

TechCrunch - SpaceX's valuation increased by $1 trillion since its shares began trading.

WHEN:

TechCrunch - SpaceX shares started trading on a Friday.

HOW:

TechCrunch - SpaceX's valuation ballooned due to its shares trading.

(UPDATED June 16, 2026 14:47 UTC)

In a significant market shift, SpaceX has now surpassed Amazon in market capitalization, with its valuation soaring to an impressive $2.7 trillion. This remarkable increase of $1 trillion comes since SpaceX shares began trading, which occurred on a Friday. The surge in valuation is attributed to the strong performance of SpaceX's shares in the market.