SpaceX Becomes World’s 5th Most Valuable Company

Daily Current Affairs / SpaceX Becomes World’s 5th Most Valuable Company

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Category : Business and economics Published on: June 18 2026

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SpaceX, founded by Elon Musk in 2002, became the world’s fifth most valuable company on 16 June 2026, surpassing Amazon.
Its market capitalization reached ~$2.97 trillion (closed at ~$2.66 trillion), listed on Nasdaq as SPCX.
The company went public on 12 June 2026; IPO raised $85.7 billion after over-allotment.
2025 revenue stood at $18.7 billion with a net loss of $4.9 billion; Q1 2026 revenue was $4.69 billion.

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SpaceX Becomes World’s 5th Most Valuable Company