Elon Musk made history: SpaceX overtakes Amazon

SpaceX market cap hits $2.8 trillion, overtaking Amazon. Elon Musk becomes world's first trillionaire.

2026-06-16 17:00|Last updated: 2026-06-16 17:02

Elon Musk made history: SpaceX overtakes Amazon — Photo: Prepared by Bond.az

SpaceX, the company owned by Elon Musk, saw its market capitalization rise by over 10% at the opening of trading on Tuesday.

According to Oxu.Az, the company's market value is now approximately $2.8 trillion.

With this, SpaceX climbed to fifth place on the list of the world's most valuable companies, overtaking Amazon.

SpaceX conducted its Initial Public Offering (IPO) on the Nasdaq technology exchange on June 12. The company sold a total of 555.6 million common shares at $135 each. At the start of trading, the company's market value was estimated at $1.77 trillion.

Two days later, the price of SpaceX shares rose to $199.15.

It is noted that after SpaceX's IPO, Elon Musk became the world's first trillionaire.

More News

Washington DC issues red code for air pollution

2026-07-05 21:01

352

Washington DC issues red code for air pollution

Washington DC issues red code for air pollution after heat wave and 850,000 firework launches. Residents advised to stay indoors.

WORLD →

2026-07-05 21:00

706

4 million euro theft at French museum

The Lalique Jewelry Museum in France was robbed of 4 million euros worth of jewelry. The heist occurred at 5:30 AM; the alarm was triggered but thieves escaped.

WORLD →

Party of 150 in Germany ends in mass brawl and stabbing

2026-07-05 20:31

933

Party of 150 in Germany ends in mass brawl and stabbing

A party of 150 people in Essen, Germany, ended in a mass brawl and stabbing. A 46-year-old Turkish national used a knife, and a security guard died of a heart attack.

WORLD →

Seaplane crash-lands in New York, 2 injured

2026-07-05 20:00

550

Seaplane crash-lands in New York, 2 injured

A seaplane crash-landed in New York's East River, injuring two. Details of the incident and rescue operation.

WORLD →

France in Debt Crisis: Ex-PM Rings Alarm

2026-07-05 19:31

719

France in Debt Crisis: Ex-PM Rings Alarm

France's national debt exceeds 3.5 trillion euros. Ex-PM Edouard Philippe calls for budget cuts and collective effort.

WORLD →

Egypt unveils its own "Pentagon": "Octagon"

2026-07-05 19:00

633

Egypt unveils its own "Pentagon": "Octagon"

Egypt's new military headquarters "Octagon" has been opened. The complex, an analogue of the US Pentagon, is equipped with modern technologies.

WORLD →

2026-07-05 18:30

782

Netanyahu: No Differences with US

Netanyahu says no differences with US, including on Iran. Trump says ready to meet Netanyahu next week.

WORLD →

Famous Azerbaijani art historian Irada Berg dies

2026-07-05 18:01

592

Famous Azerbaijani art historian Irada Berg dies

Irada Berg, renowned Azerbaijani art historian, died at 53. Learn about her life, career, and contributions to culture.

WORLD →

Macron to visit Syria for first time in 17 years

2026-07-05 17:01

431

Macron to visit Syria for first time in 17 years

French President Emmanuel Macron will visit Syria for the first time in 17 years. The trip aims to strengthen bilateral ties and will include a business delegation.

WORLD →

Iran-Qatar cargo shipments resume after five months

2026-07-05 16:03

741

Iran-Qatar cargo shipments resume after five months

Iran-Qatar cargo shipments resume after five months. Al Ruwais port now accepts Iranian goods again, boosting trade.

WORLD →

2026-07-05 15:01

798

Khamenei's sons bid farewell

Khamenei's three sons bid farewell at funeral. Mourning ceremonies in Tehran, Qom, Najaf, Mashhad.

WORLD →

Azerbaijani youth drowns in lake in Poland

2026-07-05 14:30

706

Azerbaijani youth drowns in lake in Poland

28-year-old Farman Khalilov drowns in a lake in Poland while swimming. Third such tragedy in two months.

WORLD →

...