Meta Tops SpaceX in Market Cap as Muse Debuts
Meta reached about $1.72T vs SpaceX $1.14T after Muse’s fast App Store climb. Lockup expiries, rate-driven volatility and large AI valuations are in play for SPCX.
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Meta Platforms overtook SpaceX in market value around the Sept. 25, 2026 market close, according to published reports. Finance Yahoo reported Meta at roughly $1.72 trillion and SpaceX at about $1.14 trillion; the article tied Meta's gain to its new AI agent Muse, which launched on Sept. 8 and quickly topped the Apple App Store.
What the numbers mean
Market capitalization (market cap), the total value of a company's outstanding shares, is a snapshot investors use to compare company sizes. The figures published by Finance Yahoo show a clear valuation gap between Meta and SpaceX at the close reported on Sept. 25, 2026.
Macro and market backdrop
Broader market forces were active in the days leading up to the reported market-cap shift. Commentaries from Sept. 23–24 noted rising yields and renewed inflation concerns. StockTwits reported the S&P 500, Dow and Nasdaq fell as yields rose, and listed SPCX among focus stocks. A separate piece from Trefis argued that price pressures left the S&P 500 vulnerable and raised the prospect the Fed could tighten again rather than cut rates.
SpaceX-specific factors investors are watching
- Lockup expiry: StockTwits cited a report that more than 328 million SpaceX shares became eligible for trading when a lockup expired, with those newly eligible shares worth about $48.7 billion at SpaceX’s reported close.
- Valuation debates: Coverage across outlets has highlighted very large valuations for AI-linked companies. A 247wallst article framed SpaceX alongside other AI-connected firms whose combined valuations dwarf decades of IPOs. Separately, Blockspace Media summarized Morgan Stanley's view that SpaceX’s AI opportunity could be valued about $300 billion, broken down into roughly $165 billion for enterprise AI and $8 billion attributed to rockets; that breakdown was presented in the Blockspace Media report as Morgan Stanley’s construct.
Why this matters now
The combination of a high-profile product launch (Muse), macro volatility tied to yields and inflation expectations, and company-specific events such as a large lockup expiry all figured in the recent headlines about relative valuations. Those are the themes appearing repeatedly in the coverage: Muse's early adoption numbers for Meta, rate- and yield-driven market moves, and renewed attention on how AI prospects influence titans' price tags.
This article reports on coverage from the cited publishers and does not offer investment advice.
Sources
This article was written from the reporting below. Every claim should be checkable against one of these. Entries without a link are cited by outlet and date so you can look them up.
- Mark Zuckerberg's Muse Push Rockets Meta Past Musk's SpaceX — Instagram, Facebook Parent Now Worth $1.98 Trillionfinance.yahoo.comSep 25, 2026
- Inflation Is Back: Why the S&P 500 Is Vulnerable(opens in a new tab)trefis.comSep 24, 2026
- Morgan Stanley says Tesla robotics strengthens SpaceX’s $300 AI case(opens in a new tab)blockspace.mediaSep 24, 2026
Some of these sources were found through a news feed Vero no longer uses, so their links have been removed. The headline, outlet and date are kept so you can find the original reporting.