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How market mechanisms help SpaceX's stock

SpaceX soars above Amazon in market cap

A bar chart that ranks the largest U.S. companies by market capitalization as of June 16, 2026. Nvidia leads at about $5.07 trillion, followed by Alphabet at $4.50 trillion and Apple at $4.38 trillion. Micron is smallest among those shown at about $1.18 trillion.

Largest U.S. companies by market capitalization 

Data: FactSet ; Chart: Matt Phillips/Axios

Pro Rata

Axios Pro Rata

SpaceX will buy Cursor for $60 billion

How SpaceX's arrival impacts the stock market

Boris Epshteyn: Trump's "psychiatrist" and counsel

The first trillionaire

Market value of Musk's publicly traded equity holdings 

Data: FactSet, Securities and Exchange Commission ; Chart: Matt Phillips/Axios

SpaceX shoots 19% higher in first day of trading

A line chart that tracks SpaceX’s per-minute stock price from 11:46am to 4:22pm ET on June 12, 2026. Shares rose from the offer price of $135 to a peak of $176.28, then slid through the day to close at $161.22

SpaceX stock price

Data: Financial Modeling Prep; Chart: Erin Davis/Axios Visuals

SpaceX IPO is a model for Anthropic and OpenAI

SpaceX's debut has known unknowns

A line chart showing the first-day performance of select IPOs, as measured by percentage change from offer price. Figma popped significantly and ended the day at 252% above its offer price. Airbnb, Doordash and Tesla all also closed above their offer prices, while Meta stayed mostly flat.

First-day performance of select IPOs

Data: Financial Modeling Prep; Note: The timing of the start of trading for IPOs often varies; Chart: Erin Davis/Axios Visuals

SpaceX raises $75 billion in its IPO

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Billionaire Elon Musk runs X, SpaceX, Tesla and Neuralink and has the ear of the president.

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