SpaceX Vaults to No. 6 Globally After Market Debut as AI Fever Reorders Trillion-Dollar Rankings
Updated
Updated · South China Morning Post · Jun 22
SpaceX Vaults to No. 6 Globally After Market Debut as AI Fever Reorders Trillion-Dollar Rankings
3 articles · Updated · South China Morning Post · Jun 22
Summary
SpaceX jumped to the world’s sixth-largest listed company after its market debut this month, becoming the clearest new sign of investors’ rush into AI and technology names.
That rise reflects a broader repricing: investors are paying premiums for tech companies while traditional industries lose favor, according to Lotus Asset Management’s Hong Hao.
China’s biggest listed firms show the contrast. Tencent leads its corporate pack, but the country’s top market-cap names are still dominated by state-owned banks, energy producers and consumer brands.
Those old-economy giants once stood alongside leading U.S. companies at the top of global rankings, but have slipped back as capital shifts toward AI-linked growth stories.
As capital chases AI hardware in Asia, is the West's tech dominance facing a fundamental challenge?
With AI set to transform over half of US jobs, is society prepared for the coming workforce revolution?
SpaceX’s Record-Breaking $2 Trillion IPO: The Market Debut That Made Musk a Trillionaire and Reshaped Tech Investing
Overview
SpaceX made history with its stock market debut on June 12, 2026, launching the biggest IPO ever and instantly solidifying its status as an industry titan. The IPO not only propelled Elon Musk to become the world’s first trillionaire but also marked a new era for fast-growing artificial intelligence companies entering public markets. SpaceX shares opened at $150, well above the IPO price of $135, and climbed to $161.11 by the end of the first day—a 20 percent rise. This strong performance highlighted investor confidence and set the stage for SpaceX’s ambitious future.