SpaceX stock is surging in early trading, pushing its market capitalization above $2.9 trillion and putting the rocket and AI company neck-and-neck with Microsoft. Combined with Tesla’s roughly $1.3 trillion valuation, Elon Musk’s two flagship companies are closing in on Apple’s $4.3 trillion market cap — a striking milestone for the newly public SpaceX just days after its record-breaking IPO. This rapid ascent underscores the market’s massive bet on Musk’s intertwined empire of space exploration, electric vehicles, and cutting-edge AI. Brian Sozzi for Yahoo Finance:
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Tuesday, June 16, 2026
Elon Musk’s SpaceX plus Tesla set to eclipse Apple’s market cap
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