SpaceX Just Passed Amazon and Microsoft Is Next

SpaceX Just Passed Amazon and Microsoft Is Next Thornton McEnery Tue, June 16, 2026 at 4:39 PM GMT+2 2 min read NVDA SPCX AMZN MSFT SpaceX Just Passed Amazon and Microsoft Is Next - Moby BREAKING NEWS Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.

Two trading sessions into its public life, SpaceX has already mugged Amazon in broad daylight. The stock jumped another 8% at Tuesday morning’s open, pushing its market cap to roughly $2. 9 trillion and sliding past Amazon's $2.

66 trillion with the casual confidence of a company that has decided the normal rules of gravity don't apply to it. Microsoft, at $2. 91 trillion, is the last thing between SpaceX and the title of third most valuable company on Earth… and at this pace, it should probably start checking its mirrors.

The same company that was private five trading days ago is now worth more than the “Everything Store” Jeff Bezos spent thirty years building. Bezos, who is currently raising $18 billion to build his own AI empire with Prometheus, watched SpaceX pass him from the outside. The metaphors write themselves, and we will leave them there.

One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first.

Get the pick. Tap here. The weekend already handed us one for the books.

SpaceX's underwriters, Goldman and Morgan Stanley, exercised the greenshoe on the first full trading day, converting an extra 83. 3 million shares at the IPO price and bumping the total raise to $85. 7 billion.

The trading floor team wore actual green shoes to celebrate, and Musk reposted the photo… because he contains multitudes. Here is why the greenshoe matters: banks deliberately oversell an IPO by up to 15%, creating a short position they use to stabilize the stock if it falls. Exercising it on day one means they looked at demand, concluded the stock was never coming down, and threw away 29 days of safety net.

That is not something that happens in normal IPOs. But we think it’s now pretty clear that this was not a normal IPO. Then, Tuesday delivered a second course.

SpaceX announced it is acquiring the AI coding assistant Cursor for $60 billion, adding yet another wing to an empire that now covers rockets, satellites, AI models, social media, and the software developers use to write the code that runs everything else. Musk posted Sunday that SpaceX "might be able to reach approximately" $1 trillion in revenue by 2030, a sentence that would have gotten anyone else laughed off a stage 2 years ago and does seem rather hilarious now. At $2.

9 trillion, fourteen trading days removed from being a private company, the market has collectively decided to take Elon Musk's Sunday posts seriously. Bold strategy. Still working.