Trillion Talk Ignites SpaceX Frenzy

Hawthorne,,United,States,-,Jul,22,,2022:,The,Spacex,Headquarters — SPACEX FRENZY

SpaceX’s stock move was not just a rally. It was a public rewrite of the corporate pecking order, with a rocket company briefly outranking Amazon and even Microsoft.

Story Snapshot

SpaceX rose about 4% on Tuesday and briefly passed Microsoft in market value before closing lower.
The company also moved ahead of Amazon, putting it among the most valuable public companies in the country.
The jump came only days after SpaceX’s blockbuster initial public offering, which fueled intense trading.
The rally landed next to Elon Musk’s bold claim that SpaceX could reach about $1 trillion in revenue by 2030.

How SpaceX Climbed So Fast

SpaceX surged in its third day of public trading as buyers kept chasing the stock after its record debut. CNBC reported that the shares rose about 4% on Tuesday, briefly pushing the company’s market capitalization to $2.94 trillion, above Microsoft’s $2.93 trillion, before easing back by the close to about $2.65 trillion.^[1]

That close still left SpaceX ahead of Amazon, which sat near $2.64 trillion at the end of the session.^[1] Other reports said the stock traded even higher in premarket and midday sessions, but the same pattern held: SpaceX kept testing the next ceiling, then gave some of it back as the day went on.^[2]^[5]^[9]

🔥 JUST IN: SpaceX overtakes Microsoft to become the world's fourth most valuable company by market cap. pic.twitter.com/IPvjXrQOKy

— Cointelegraph (@Cointelegraph) June 16, 2026

Why Investors Are Treating SpaceX Like a Different Species

The scale of the valuation tells the real story. SpaceX went public with a market debut valued at $1.77 trillion and then added almost $900 billion in only a few sessions.^[9] That kind of move does not come from a normal earnings model. It comes from belief, momentum, and a huge wager that Musk can turn one company into a platform for rockets, broadband, and artificial intelligence.

That is why the headline number matters so much. Reuters reported that Musk said SpaceX could potentially bring in $1 trillion in revenue by 2030, and that he would be surprised if revenue did not top that figure in 2031.^[4] He made the claim after the company’s public debut was already valued at more than $2 trillion, which shows how far investor expectations had already stretched.^[4]

The Hard Part Behind the Hype

The numbers now on the table are still tiny next to the forecast. SpaceX reported $18.67 billion in revenue in 2025 and a net loss of $4.94 billion, according to filing-based reporting and the company’s prospectus.^[13]^[15] That means Musk’s target is not a small stretch. It is a leap from a business in the tens of billions to a business in the trillions, in just a few years.

SpaceX Passes Amazon in Market Cap on Day Three of Trading, Briefly Touches $3 Trillion Intraday

Since listing on the Nasdaq at $135 per share last Friday, SpaceX shares have climbed more than 50% and closed Tuesday at $201.https://t.co/KItee7fZ2f #UnbiasedHeadlines #News pic.twitter.com/WwxK5R8vA4

— Unbiased Headlines (@UnbiasedHdlns) June 17, 2026

Wall Street’s own models sit far lower. Reuters said Goldman Sachs expected more than $470 billion in 2030 revenue, while Morgan Stanley projected nearly $330 billion.^[4] That gap does not disprove Musk’s forecast, but it does show how aggressive it is. The market is not debating whether SpaceX can grow. It is debating whether it can grow at a speed that most analysts would call extraordinary even for Musk.

What the Market Is Really Voting On

The first vote came from buyers, not accountants. SpaceX’s IPO raised an enormous amount of money, and the stock’s early surge showed that traders were willing to price in a future much bigger than the present.^[10]

CNBC also noted that CFRA started coverage with a sell rating, pointing to lofty valuation expectations, a highly ambitious growth plan, and heavy capital needs.^[1] That kind of caution has a familiar feel for readers who have watched Musk stories before.

This is where common sense cuts through the noise. A company can have world-changing technology and still face a brutal math problem. SpaceX may expand through launch services, satellite broadband, and artificial intelligence, but the revenue bridge from $18.7 billion to $1 trillion is still not laid out in public detail.^[4]^[13] The stock market can reward a story long before the story proves itself.