Markets
June 16, 2026
Bain Capital Turned an $18B Kioxia Deal Into a $15B Profit as the Stock Surged 5,000%
Key Takeaways
- SpaceX’s stock price topped $220 overnight, up 63% from its IPO, pushing its $2.9T market cap past Amazon’s and within $100B of overtaking Microsoft
- Musk’s $1.3T net worth now equals the combined fortunes of the next 5 richest people on Earth Page, Brin, Bezos, Ellison, and Dell – per Celebrity Net Worth
- SpaceX’s valuation now rivals the entire crypto market, and the company holds 18,700+ Bitcoin, even as skeptics flag its negative profit margin
The SpaceX stock price has barely had time to cool off since the company’s market debut. Five trading days after listing, shares pushed above $220 in overnight trading. It extended a rally that has surprised even bullish investors. The move has done more than lift SpaceX past Amazon in the market-cap rankings. It has also reshaped the wealth leaderboard around Elon Musk, whose fortune is now being measured against groups of billionaires rather than individual rivals.
Also Read: Strategy’s $105M Bitcoin Buy Brings Its Two-Week Total to 98x the Sale That Sparked Panic
Why Musk Is Now Worth More Than Page, Brin, Bezos, Ellison, and Dell Combined
SpaceX’s latest surge has taken the company into territory few businesses ever reach. After pricing its IPO at $135 and raising a record $75 billion, SpaceX shares have climbed roughly 63%. This put the company’s valuation near $2.9 trillion. Currently, SPCX is priced at $192.50 following a 19.60% rise over the past 24 hours.
It also places the SpaceX market cap ahead of Amazon’s estimated $2.87 trillion. In addition, it is in close proximity to Microsoft.
The rally has had an even bigger effect on Musk’s personal fortune. Reports estimate Elon Musk’s net worth at roughly $1.3 trillion following the post-IPO run. By calculations, this is about the same as the combined fortunes of Google founders Larry Page and Sergey Brin, Amazon founder Jeff Bezos, Oracle’s Larry Ellison, and Dell Technologies founder Michael Dell.
Most of that wealth exists on paper. Musk has previously said less than 0.1% of his assets are held in cash. It should be noted that a majority is tied to his ownership stakes in SpaceX, Tesla, xAI, and X.
Also Read: The CLARITY Act July 4 Deadline Is Stalled by a Fight Over Trump’s Own Crypto Wallet
SpaceX and Tesla Now Rival Entire Markets
The numbers become even more unusual when viewed beyond individual companies. Tesla and SpaceX’s combined valuation is now more than Apple’s market capitalization. This makes Musk’s two flagship companies larger than the world’s most valuable public company. SpaceX alone is approaching the size of the entire cryptocurrency market, which currently stands near $3 trillion.
The company also holds more than 18,700 Bitcoin, according to BitcoinTreasuries.net. This makes it one of the largest corporate Bitcoin holders globally.
But not everyone is convinced the valuation can be justified. Guardian Wealth Advisors’ Rand Millwood recently noted that only a small group of companies worldwide have crossed the $1 trillion mark. He noted how most generate substantial profits and free cash flow. SpaceX, despite its rapid growth, remains a company investors are valuing largely on future expectations.
This debate has done little to slow momentum around SPCX stock. Musk recently projected SpaceX could generate $1 trillion in annual revenue by 2030. This is above Morgan Stanley’s estimate of roughly $330 billion.
Also Read: MiCA Deadline July 1: 75% of Crypto Firms Face Losing Their EU License
