SpaceX achieved a market capitalization of approximately $2.52 trillion, briefly surpassing the total cryptocurrency market cap of around $2.19 trillion. The aerospace company's publicly traded stock SPCX reached a valuation of roughly $2.53 trillion following its June 12 IPO. The milestone reflects extraordinary investor demand for Elon Musk's rocket company, which raised $75 billion at an offering price of $135 per share. Social media platform Coin Bureau highlighted the comparison on June 18, 2026, noting SpaceX had become more valuable than the combined value of thousands of digital assets. The valuation surge positions SpaceX among the largest publicly traded firms globally, driven by its satellite internet network Starlink and ongoing Starship development program.
SpaceX Completes $75 Billion IPO on June 12
The company debuted on Nasdaq through the SPCX IPO, raising approximately $75 billion at an offering price of $135 per share. Since the offering, shares surged significantly as investors sought exposure to the aerospace firm. Founded by Elon Musk in 2002, SpaceX evolved from a private startup into a global leader in rocket launches, satellite communications, and space infrastructure. The company operates Starlink, one of the largest satellite internet networks in the world, while continuing to develop its Starship program for missions beyond Earth. At its recent peak, the valuation briefly placed SpaceX among the largest publicly traded firms globally.
SpaceX Announces $60 Billion Cursor Acquisition
SpaceX announced plans to acquire AI coding startup Cursor's parent company Anysphere in a $60 billion all-stock transaction. The deal will be funded using shares from the company's $75 billion SPCX IPO, which achieved a $1.77 trillion valuation. On June 16, 2026, SpaceX stated the acquisition aims to build advanced AI models, with joint training already underway for release in Cursor and Grok Build. Founded in 2022, Cursor serves more than one million paying customers including Nvidia and Uber, reportedly generating over $2 billion in annual revenue. The acquisition is expected to strengthen SpaceX's AI capabilities by enabling model development on the company's Colossus supercomputer, supporting spacecraft engineering and future space missions.
Limited Public Float Drives SPCX Price Surge
Analysts attribute the rapid rise in SPCX shares to several factors beyond growth prospects. Reports indicate only a small percentage of total shares are currently available for public trading, creating a supply shortage that amplifies price movements when demand is strong. Investors are monitoring upcoming lockup expirations, as a substantial portion of currently restricted shares could gradually enter circulation following future earnings reports and scheduled unlock periods.
Cryptocurrency Market Cap Remains Above $2 Trillion
The broader cryptocurrency sector continues to represent a significant global asset class. The crypto market cap remains above $2 trillion, supported by major assets such as Bitcoin and Ethereum, along with growing institutional participation. The comparison underscores the scale of investor confidence surrounding SpaceX and Elon Musk's long-term vision. Traders are watching whether SPCX can maintain its valuation once additional shares enter the market and post-IPO trading matures.
FAQ
What valuation did SpaceX reach compared to the crypto market?
SpaceX achieved a market capitalization of approximately $2.52 trillion, briefly surpassing the total cryptocurrency market cap of around $2.19 trillion. The publicly traded stock SPCX reached a valuation of roughly $2.53 trillion following its June 12 IPO.
When did SpaceX complete its IPO and how much did it raise?
SpaceX debuted on Nasdaq on June 12 through the SPCX IPO, raising approximately $75 billion at an offering price of $135 per share. The offering achieved a $1.77 trillion initial valuation.
What AI acquisition did SpaceX announce?
On June 16, 2026, SpaceX announced plans to acquire AI coding startup Cursor's parent company Anysphere in a $60 billion all-stock transaction. The deal will be funded using shares from the SPCX IPO, with the goal of building advanced AI models on SpaceX's Colossus supercomputer.
