SpaceX Overtakes Microsoft to Become World’s Fourth-Most Valuable Company

SpaceX has overtaken Microsoft to become the world’s fourth-most valuable company by market capitalization, according to a report. The move reflects a continued surge in the stock since its initial public offering, reshaping the rankings of global megacap technology companies.

Cointelegraph, a cryptocurrency news outlet, wrote in a post on X on June 16 that “SpaceX has overtaken Microsoft to become the fourth most valuable company in the world by market capitalization.”

SpaceX has continued to rally since its recent Nasdaq listing. Investor demand appears to have been fueled by expectations for its aerospace, artificial intelligence and satellite internet businesses.