SpaceX shares climbed to $212.50 in pre‑market trading on Tuesday, extending Monday’s 20% surge that lifted the stock by more than 10% in early trading.
Share Surge and Valuation
The jump added roughly $433 billion to SpaceX’s market value, marking the second‑largest single‑day market‑cap expansion for a U.S. company, according to Dow Jones Market Data. At current levels, the firm’s market capitalization nears $2.8 trillion, positioning it just ahead of Amazon’s $2.66 trillion valuation and likely to rank fifth among global giants after Nvidia, Alphabet, Apple and Microsoft.
Financial Snapshot and Market Reaction
Since its initial public offering at $135, SpaceX shares have risen more than 57%, despite the company being only in its third trading session. Pre‑market activity before 5 a.m. ET on Tuesday saw over $1.76 billion of SpaceX stock exchange hands, outpacing the combined volume of Nvidia, Microsoft, Tesla and Apple in the same window.
Investor Sentiment and Outlook
Investors remain divided as the firm reported $18.67 billion in revenue for the prior year but posted a net loss of $4.94 billion after incorporating the loss‑making xAI division. While the rally appears detached from traditional fundamentals, the broader crypto and blockchain sectors are watching closely, as the valuation shift could influence how digital‑asset investors assess high‑growth, non‑crypto enterprises.