MarketsSpaceX's Market Valuation Reaches $2.6 Trillion, Outpacing Bitcoin
In just eight days following its IPO, SpaceX's market valuation has soared beyond $2.5 trillion, positioning it as the sixth-largest company globally. Analysts note this trend is attracting the risk capital that the cryptocurrency sector seeks.
By Shaurya Malwa|Edited by Stephen AlpherUpdated Jun 17, 2026, 12:50 p.m. Published Jun 17, 2026, 12:09 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on
SummaryShow- Since its debut on June 12, SpaceX shares have increased over 40%, leading to a valuation of around $2.5 trillion, making it the sixth-largest company in the world and almost double the total value of the bitcoin market.
- This increase is partially due to a limited supply of shares and investor excitement regarding SpaceX's foray into artificial intelligence through its acquisition of xAI and a $60 billion purchase of coding startup Cursor, positioning it against competitors like OpenAI and Anthropic.
- Experts caution that SpaceX's high valuation, which is over 130 times its projected 2025 sales despite nearly $5 billion in net losses, could pose risks, with a potential setback impacting broader markets, AI stocks, and the cryptocurrency sector as risk appetite revives.
SpaceX (SPCX) has seen its stock rise more than 40% since its IPO on June 12, achieving a market capitalization of approximately $2.5 trillion, which makes it the sixth-largest firm globally and nearly twice the value of the bitcoin market.
This surge is partly attributed to a supply issue, as only about 4.2% of SpaceX’s shares were available for trading on the first day, resulting in a limited pool of stock influencing the company's valuation.
Investors are drawn to SpaceX as it evolves beyond merely being a rocket manufacturer. The firm’s acquisition of xAI in February, also owned by Elon Musk, has brought in advanced AI models and data centers, placing SpaceX in direct competition with AI leaders Anthropic and OpenAI, both of which are preparing for public offerings.
This trend reflects the same innovation landscape that attracts capital to the cryptocurrency market, signaling where investor interest and risk capital is heading.
As of Wednesday, the entire bitcoin market is valued at approximately $1.2 trillion. In contrast, SpaceX's $2.5 trillion valuation is almost double that, and it is tapping into the same risk budget that also benefits cryptocurrencies, as highlighted by ARK's recent funding strategy involving the sale of other holdings to acquire SpaceX shares.
However, some analysts have expressed caution, indicating that the current expectations leave little margin for error. A setback for SpaceX could adversely affect broader markets and the AI sector benefiting from the ongoing technological boom.
"With expectations already at an all-time high, there’s minimal room for missteps," stated Lukman Otunuga, head of markets at FXTM, in a correspondence with CoinDesk. "If SpaceX were to disappoint, it would have repercussions across the stock market and impact the AI sector, which is currently thriving."
The financials reinforce these concerns, as SpaceX reported a net loss of $4.94 billion in 2025 against $18.67 billion in revenue, leading to a valuation that is over 130 times its sales—a multiple that some analysts liken to meme-stock levels.
On Tuesday, SpaceX confirmed its agreement to acquire Cursor, valuing the AI coding startup at $60 billion. As per a company filing, Cursor investors will have the option to receive SpaceX stock based on the estimated equity value of Cursor.
This price surge occurs amid a significant macroeconomic week, with the Bank of Japan raising its interest rates to 1%, the highest level since 1995, while the Federal Reserve is anticipated to maintain its current stance during Kevin Warsh's inaugural meeting as chair. Additionally, gold prices remain above $4,300 as concerns over inflation and oil ease.
As appetite for risk returns, this positively affects bitcoin, which is a high-beta asset in this context, yet the most notable trade remains the expensive, unprofitable stock of SpaceX. Should SpaceX face challenges, there could be a ripple effect throughout the markets surrounding it.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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