It Took SpaceX Just 1 Day to Reach a Milestone Tesla Has Never Achieved.
Which Elon Musk-Led Stock Is the Better Buy in June?
Shares of Tesla (NASDAQ: TSLA) reached their all-time intraday peak of $498.83 on Dec. 22, 2025, giving it a market cap of around $1.67 trillion. On June 12, Space Exploration Technologies (NASDAQ: SPCX), more widely known as SpaceX, held its initial public offering and closed the session with a market cap of $2.11 trillion. Here’s why SpaceX is soaring, and which growth stock is the better buy now.
Private investors hold the majority of SpaceX’s value SpaceX raised $75 billion by selling 555.6 million shares at a price per share of $135. The float, which is the shares available for public trading, is less than 5% of the shares outstanding, meaning the vast majority of SpaceX is still owned by insiders who were awarded shares as compensation or institutions that bought in during pre-IPO funding rounds. The float should increase gradually as SpaceX is allowing those insiders to sell some shares well before the usual 180-day lockup period ends.