SpaceX has overtaken Amazon to become the fifth-most valuable company in the world by market capitalization, marking another milestone in the rapid rise of companies tied to advanced technology, artificial intelligence and strategic infrastructure.
As of June 2026, the company reached a market value of approximately $2.658 trillion, narrowly surpassing Amazon’s $2.646 trillion, according to market capitalization data. The move places the aerospace and space technology company behind only a handful of the world’s largest corporations.
The valuation increase also pushed the net worth of SpaceX founder Elon Musk above $1.4 trillion, further strengthening his position among the wealthiest individuals in history.
The ranking shift comes amid a period in which companies linked to artificial intelligence, digital infrastructure, advanced manufacturing and space technologies have accounted for a growing share of global equity market value.
While SpaceX remains best known for its launch capabilities and satellite network, investors have increasingly viewed the company as a critical infrastructure provider for a rapidly evolving digital economy. Its businesses span commercial space transportation, satellite communications, government contracts and data infrastructure, sectors that have attracted growing attention amid rising global demand for connectivity and computing capacity.
SpaceX’s move ahead of Amazon reflects the changing composition of global equity markets, where companies associated with advanced technologies, digital infrastructure and artificial intelligence have gained an increasingly prominent position among the world’s most valuable firms.
In John Deal’s view, Managing Director of The Post-Oak Group, SpaceX’s rise above Amazon raises questions about whether the market is reassessing the long-term growth potential of emerging industries or reflecting heightened enthusiasm for sectors such as space technology and AI.
Deal points to several factors supporting SpaceX’s valuation, including the expansion of its Starlink satellite network, its position in the commercial space industry and its portfolio of government contracts. He notes that the company’s market capitalization now places it alongside some of the largest corporations in history, drawing comparisons with established technology leaders.
More broadly, Deal said SpaceX’s ascent reflects ongoing discussions about how markets evaluate companies operating at the intersection of communications infrastructure, aerospace and next-generation technologies.
The latest market capitalization rankings highlight the growing presence of technology and infrastructure companies among the world’s most valuable publicly traded firms.
