Elon Musk's SpaceX has reached a valuation of $2.6 trillion, nearly twice the size of the entire bitcoin market, which is worth about $1.2 trillion. This surge in valuation comes just eight days after SpaceX's initial public offering (IPO), with the company's shares climbing more than 40% since its debut.

DATA & FIGURES

The valuation of SpaceX is now $2.6 trillion, with its market cap nearly double that of bitcoin. The company's shares have surged more than 40% since its June 12 debut, giving it a market value of roughly $2.5 trillion. SpaceX posted a $4.94 billion net loss in 2025 on $18.67 billion of revenue, and at $2.5 trillion, it trades at more than 130 times sales.

THE SCENARIO

The significant increase in SpaceX's valuation is being driven by investor enthusiasm for the company's push into artificial intelligence via its acquisition of xAI and a $60 billion deal for coding startup Cursor. This puts SpaceX in direct competition with OpenAI and Anthropic, both of which have filed to go public.

DIRECT QUOTE

"With the expectations already sky high, there is little room for error." — Lukman Otunuga, head of markets at FXTM

BBN INSIGHT

The significant increase in SpaceX's valuation is a sign of the growing interest in innovative technologies, particularly artificial intelligence. However, the high valuation also leaves little room for error, and a stumble by SpaceX could have a significant impact on the broader market and the AI sector.

MARKET REACTION

The surge in SpaceX's valuation has been driven by investor enthusiasm, with the company's shares climbing more than 40% since its debut. The limited float of SpaceX shares has also contributed to the significant price increase.