SpaceX Market Cap Hits $2.6 Trillion, Nearly Double Bitcoin's

SpaceX's market capitalization has surged to approximately $2.6 trillion, making it nearly twice the size of the entire bitcoin market. The Elon Musk-owned company has climbed more than 40% since its June 12 debut, becoming the sixth-largest company globally by market value.

Part of this dramatic valuation stems from a supply-side quirk: only about 4.2% of SpaceX's shares were available to trade on day one, meaning a relatively small pool of stock is setting the price for the entire company. For crypto traders, this dynamic echoes the volatility seen in thinly traded digital assets, where low float can amplify price moves. Meanwhile, bitcoin's market cap remains around $1.3 trillion, underscoring the stark divergence between traditional equity valuations and the crypto market. Traders can track these relative shifts on NowPrice's live crypto dashboard.

Looking ahead, the key question is whether SpaceX's valuation can sustain these levels as more shares become tradable over time. The company's February acquisition of xAI, also owned by Musk, brought the Grok AI models and data centers into its fold, positioning SpaceX as a direct competitor to AI heavyweights like Anthropic and OpenAI. Investors will watch for further AI-related announcements and any updates on SpaceX's share unlock schedule, which could impact both its stock price and the broader narrative around tech versus crypto valuations.