Musk’s SpaceX Becomes World’s 5th Most Valuable Company: Surpasses Microsoft and Amazon; Musk’s Single-Day Earnings Exceed Buffett’s Net Worth by 11%
Shares of Elon Musk’s space and AI company, SpaceX, surged by over 14% on Tuesday, pushing the company’s market capitalization beyond $2.85 trillion (approximately ₹240 lakh crore).
With this rally, SpaceX has overtaken Amazon and, for a brief period, even surpassed Microsoft. SpaceX has now become the fifth most valuable company in the world.
Overtook Amazon, Briefly Surpassed Microsoft
This surge allowed SpaceX to overtake Amazon, which has a market capitalization of around $2.64 trillion. Additionally, the company briefly surpassed Microsoft—valued at approximately $2.92 trillion—though SpaceX’s valuation subsequently dipped slightly. Currently, the world’s three largest companies hold market valuations exceeding $4 trillion.
Investor Enthusiasm Boosted by Start of Options Trading
Trading in options linked to SpaceX shares began on Tuesday, further fueling investor interest. Market participants now have a new avenue to bet on the trajectory of this newly listed stock.
Brent Kochuba, founder of the options analytics platform SpotGamma, noted that SPCX options launched on Tuesday, offering standard monthly expirations and strike prices ranging from $25 to $380.
He stated that if demand for call options remains high, dealers might be forced to purchase SPCX shares even in low-liquidity conditions. Demand for the index could also rise next week, while no significant increase in share availability is expected over the next one to two months. Questions Raised Over Valuation; Expert Calls It Speculation
Despite such a massive surge, some market experts have questioned whether this valuation is entirely justified. Ipek Ozkardeskaya, a senior market analyst at Swissquote Bank, stated, “We can certainly say that this valuation makes no sense in the current climate. People are buying into SpaceX in the hope that others will also buy it and drive the price even higher—it is simply speculation.”
