SpaceX's value exceeds Microsoft
The market value of SpaceX has risen to $2.94 trillion after its stock increased by 13%, surpassing Microsoft, which is valued at $2.93 trillion, making it the fourth largest company in the United States. This comes following its successful initial public offering, which led to a 20% rise in its stock on the first full day of trading, along with its acquisition of the AI program "Ceres" for $60 billion. Led by Elon Musk, the company expects its revenues to reach one trillion dollars by 2030, despite posting a net loss of $4.9 billion in 2025.
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