SpaceX Market Cap Surges to Over $2.5 Trillion, Overtakes TSMC

SpaceX's market capitalization has surged to over $2.5 trillion after its stock price jumped nearly 20% on Monday. This achievement puts the company at sixth place globally in terms of market value, just 10% away from overtaking Amazon.

The Elon Musk-led rocket maker's Nasdaq debut last week extended gains, with shares rising about 5% after-hours on Monday. TSMC was surpassed by SpaceX in the list of world's most valuable companies, according to The Kobeissi Letter.

SpaceX is now mere 5% away from reaching Amazon's market capitalization of around $2.65 trillion as of Monday's close. Microsoft, Apple, Alphabet, and Nvidia are currently the top four most valued companies globally.

Elon Musk predicted that SpaceX could reach $1 trillion in revenue by 2030, stating 'I think SpaceX might be able to reach approximately $1T revenue in 2030.' The company plans to release quarterly and annual financial information directly through its website or X (formerly Twitter) account, bypassing traditional wire services.