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Today's Brief/Wednesday, 17 June 2026/๐Ÿš€ Business & Startups
๐Ÿš€ Business & Startups๐ŸŒ Global

SpaceX Overtakes Amazon and Microsoft, Becomes America's Fourth-Largest Company

MintยทWednesday, 17 June 2026

SpaceX surpassed both Amazon and Microsoft in market capitalisation on Tuesday, becoming the fourth-largest US company. Its shares surged 13% on its third day of public trading.

Why It Matters

SpaceX's rise shows how quickly the private space and satellite industry is being valued by investors โ€” and it matters globally because SpaceX runs Starlink, which is trying to expand into India and other markets.

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