SpaceX becomes the world's fifth most valuable company

• SpaceX, founded by Elon Musk in 2002, achieved a major milestone on June 16, 2026.

• Based on market capitalization, the company became the world's fifth most valuable company, surpassing Amazon and solidifying its position among the top players in the global corporate landscape.

• The company began trading as a public entity on June 12, 2026, after listing on the Nasdaq under the ticker symbol SPCX.

• Its Initial Public Offering (IPO) proved to be historic.

• Initially, US$75 billion was raised through the IPO, a figure that rose to US$85.7 billion following the underwriters' exercise of the over-allotment option.

• Consequently, this IPO ranked among the largest public offerings in global financial history.