Key facts
- SpaceX's market value is approximately $2.5 trillion, making it the sixth-largest company globally.
- The company's valuation is nearly double that of the entire Bitcoin market, which is valued at about $1.2 trillion.
- SpaceX acquired xAI, bringing Grok models and data centers, and agreed to acquire coding startup Cursor for $60 billion.
- SpaceX reported a $4.94 billion net loss in 2025 on $18.67 billion in revenue.
- The company trades at more than 130 times its 2025 sales.
SpaceX's market valuation has surged to approximately $2.5 trillion, nearly doubling the entire Bitcoin market's value of about $1.2 trillion. This significant rise, occurring since its June 12 debut, positions SpaceX as the world's sixth-largest company.
The rally is attributed to a combination of factors, including a limited float of shares available for trading and strong investor enthusiasm for SpaceX's strategic expansion into artificial intelligence. The company's February acquisition of xAI, which brought its Grok models and data centers, and a recent $60 billion deal for the AI coding startup Cursor, place SpaceX in direct competition with AI heavyweights like OpenAI and Anthropic.
Despite the impressive valuation, analysts express caution. SpaceX posted a net loss of nearly $5 billion in 2025 on $18.67 billion in revenue, and its current valuation represents more than 130 times its 2025 sales. This lofty valuation, described by some as 'meme-stock territory,' leaves little room for error. Experts warn that any disappointment from SpaceX could have a ripple effect on the broader stock market and other AI-focused companies, particularly as risk appetite returns to markets.
Lukman Otunuga, head of markets at FXTM, noted that with expectations already sky-high, a SpaceX stumble could significantly impact the broader stock market and beneficiaries of the AI boom. The current market environment sees risk capital and retail attention flowing towards expensive, unprofitable stocks like SpaceX, even as traditional safe havens like gold hold above $4,300 and fears of oil and inflation ease.