SpaceX’s stock continued its impressive post-IPO rally, climbing above $210 in after-hours trading as investor appetite remains strong. The recent surge has elevated SpaceX’s valuation to over $3 trillion during overnight sessions, briefly surpassing tech giants like Amazon and Microsoft. Since listing, the stock has gained more than half above its IPO price, reflecting robust demand from retail investors.
The rally was supported by an $85.7 billion capital influx following the exercise of the greenshoe option by underwriters, marking one of the largest public offerings in recent memory. This broader enthusiasm appears to stem partly from investors reallocating funds from other stocks to increase their exposure to SpaceX, a company now being compared with major players such as Amazon, Microsoft, Tesla, and Berkshire Hathaway.
Market focus has also shifted toward the Federal Reserve’s upcoming decision, scheduled for mid-June. Most traders expect the Fed to keep interest rates steady, maintaining the current range between 3.5% and 3.75%. The prevailing market consensus, supported by CME FedWatch data, indicates almost no probability of a rate hike and only a minimal chance of rate cuts. Investors are closely monitoring the tone of the Federal Open Market Committee’s (FOMC) statement, knowing that a dovish stance could further lift risk assets including equities and cryptocurrencies, while a hawkish message might dampen the recent enthusiasm.
The cryptocurrency market has mirrored this risk-on sentiment, posting a modest rebound with the total market capitalization rising above $2.2 trillion. Bitcoin surged near $67,000, Ethereum regained ground above $1,800, and XRP recorded solid gains. This recovery coincided with easing geopolitical tensions following remarks from former President Trump regarding Iran, which helped improve investor confidence in growth-oriented assets. Such a climate has amplified positive momentum around SpaceX shares.
The near-term outlook for SpaceX’s stock will hinge on how markets interpret the Fed’s messaging and whether retail investors continue driving demand. Key resistance levels remain critical to watch as the stock attempts to sustain its elevated valuation amid broader market shifts.