How Gender Diversity Enhances the Bottom Line

How Gender Diversity Leads to a Bigger Bottom Line

Despite making up half of the population and 47% of the labor force, women remain highly underrepresented in the top echelons of business.

5% of the richest billionaires are women
6% of S&P 500 companies have women CEOs
20% of Fortune 500 board members are women

There are many arguments that can be made for closing this gender gap, but the most compelling one is very simple: there’s a growing body of research that shows that gender diverse companies make more money.

Women and Profit

Today’s infographic comes to us from Evolve ETFs, a company that has launched an ETF focused on gender diversity, and it shows that companies with more women in senior roles are making better decisions and ultimately higher profits.

Better Decisions
The more diverse a team is, the more likely it is to make the best business decision. Logically, this makes sense, since multiple perspectives are considered this way – and groupthink can be avoided.

There have been various studies on decision-making that show this, but one compelling example highlighted by Forbes covers 600 business decisions made by 200 different teams over a two year span. This research found that more diverse and inclusive teams made better decisions up to 87% of the time, took less time to make the decision, and delivered 60% better results.

Better Bottom Line
Not surprisingly, making better business decisions leads to bigger returns, as well. Credit Suisse, for example, found that boards with more women had a 36% higher return on equity.

Meanwhile, research from Morgan Stanley found that the top-third of companies (that hire the most women) had 2% higher equity returns than average.

A final study worth noting is from The Peterson Institute for International Economics, a Washington, D.C. think tank, which shows that companies with at least 30% female leaders end up raking in 6% higher net margins.

Future Growth

On the company level, gender diversity means more profit and better decisions – but what could this mean in aggregate?

Global management consultancy firm McKinsey & Company offers up a rosy picture: they figure that if the gender gap is closed in their “full potential” scenario, up to $28 trillion extra could be added to global GDP growth by 2025.

Markets

Every S&P 500 Company in One Giant Chart

Just 13 companies now make up over 40% of the S&P 500. This visualization breaks down the $57.6T S&P 500 by company and sector.

Bubble graphic showing the entire S&P 500 index by company in 2026.

Published

2 weeks ago

April 14, 2026

Bubble graphic showing the entire S&P 500 index by company in 2026.

Every S&P 500 Company in One Giant Chart

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

This chart shows all 500 companies in the S&P 500, sized by market cap and grouped by sector.
Nvidia, Apple, and Microsoft alone make up about 18% of the $57.6 trillion index.
A small group of mega-cap companies occupies a disproportionate share of the market.

What does the entire S&P 500 actually look like?

This visualization brings all 500 companies into a single view, with each sized by its share of the index and grouped by sector. It is based on data from Slickcharts as of March 30, 2026.

Each circle represents a company, making it easy to compare how market value is distributed across sectors—and to see which firms dominate the index.

One immediate takeaway is how much space is occupied by just a handful of companies. Just 10 firms now make up over 36% of the S&P 500, up from 23% in 2000.

Ranked: The Top S&P 500 Companies by Index Weight

Nvidia is now the largest company in the S&P 500, with a 7.0% index weight—larger than entire sectors like energy or utilities.

Apple follows with a 6.3% share, while Microsoft ranks third at 4.6%. These three companies account for about 18% of the S&P 500’s total value, while AI-driven firms represent 10 of the top 20 largest companies.

This table ranks every company in the S&P 500 by index weight as of March 30, 2026:

Rank	Name	Sector	Weight % (Mar 30, 2026)
1	Nvidia	Info Tech	7.0%
2	Apple Inc.	Info Tech	6.3%
3	Microsoft	Info Tech	4.6%
4	Amazon	Consumer Discretionary	3.7%
5	Alphabet Inc. (Class A)	Communication Services	3.0%
6	Alphabet Inc. (Class C)	Communication Services	2.8%
7	Broadcom	Info Tech	2.4%
8	Meta Platforms	Communication Services	2.4%
9	Tesla, Inc.	Consumer Discretionary	2.3%
10	Berkshire Hathaway	Financials	1.8%
11	Walmart	Consumer Staples	1.7%
12	Lilly (Eli)	Health Care	1.4%
13	JPMorgan Chase	Financials	1.3%
14	ExxonMobil	Energy	1.2%
15	Johnson & Johnson	Health Care	1.0%
16	Visa Inc.	Financials	1.0%
17	Costco	Consumer Staples	0.8%
18	Mastercard	Financials	0.8%
19	Chevron Corporation	Energy	0.7%
20	Oracle Corporation	Info Tech	0.7%
21	Netflix	Communication Services	0.7%
22	AbbVie	Health Care	0.7%
23	Micron Technology	Info Tech	0.6%
24	Bank of America	Financials	0.6%
25	Procter & Gamble	Consumer Staples	0.6%
26	Coca-Cola Company (The)	Consumer Staples	0.6%
27	Palantir Technologies	Info Tech	0.6%
28	Home Depot (The)	Consumer Discretionary	0.6%
29	Advanced Micro Devices	Info Tech	0.6%
30	Caterpillar Inc.	Industrials	0.5%
31	Cisco	Info Tech	0.5%
32	Merck & Co.	Health Care	0.5%
33	GE Aerospace	Industrials	0.5%
34	Philip Morris International	Consumer Staples	0.5%
35	Applied Materials	Info Tech	0.5%
36	Morgan Stanley	Financials	0.4%
37	RTX Corporation	Industrials	0.4%
38	Lam Research	Info Tech	0.4%
39	T-Mobile US	Communication Services	0.4%
40	Goldman Sachs	Financials	0.4%
41	Wells Fargo	Financials	0.4%
42	UnitedHealth Group	Health Care	0.4%
43	Linde plc	Materials	0.4%
44	IBM	Info Tech	0.4%
45	McDonald's	Consumer Discretionary	0.4%
46	GE Vernova	Industrials	0.4%
47	Verizon	Communication Services	0.4%
48	PepsiCo	Consumer Staples	0.4%
49	Intel	Info Tech	0.4%
50	AT&T	Communication Services	0.4%
51	American Express	Financials	0.4%
52	Citigroup	Financials	0.3%
53	Amgen	Health Care	0.3%
54	NextEra Energy	Utilities	0.3%
55	Thermo Fisher Scientific	Health Care	0.3%
56	Abbott Laboratories	Health Care	0.3%
57	KLA Corporation	Info Tech	0.3%
58	TJX Companies	Consumer Discretionary	0.3%
59	Salesforce	Info Tech	0.3%
60	Walt Disney Company (The)	Communication Services	0.3%
61	Gilead Sciences	Health Care	0.3%
62	Texas Instruments	Info Tech	0.3%
63	ConocoPhillips	Energy	0.3%
64	Charles Schwab Corporation	Financials	0.3%
65	Intuitive Surgical	Health Care	0.3%
66	Pfizer	Health Care	0.3%
67	Deere & Company	Industrials	0.3%
68	Boeing	Industrials	0.3%
69	Analog Devices	Info Tech	0.3%
70	Uber	Industrials	0.3%
71	BlackRock	Financials	0.3%
72	Honeywell	Industrials	0.3%
73	Union Pacific Corporation	Industrials	0.3%
74	Amphenol	Info Tech	0.3%
75	Arista Networks	Info Tech	0.3%
76	Lockheed Martin	Industrials	0.2%
77	Qualcomm	Info Tech	0.2%
78	Welltower	Real Estate	0.2%
79	Booking Holdings	Consumer Discretionary	0.2%
80	Lowe's	Consumer Discretionary	0.2%
81	Danaher Corporation	Health Care	0.2%
82	Eaton Corporation	Industrials	0.2%
83	Chubb Limited	Financials	0.2%
84	S&P Global	Financials	0.2%
85	Stryker Corporation	Health Care	0.2%
86	AppLovin Corporation	Info Tech	0.2%
87	Palo Alto Networks	Info Tech	0.2%
88	Bristol Myers Squibb	Health Care	0.2%
89	Accenture	Info Tech	0.2%
90	Intuit	Info Tech	0.2%
91	Prologis	Real Estate	0.2%
92	Progressive Corporation	Financials	0.2%
93	Vertex Pharmaceuticals	Health Care	0.2%
94	Altria	Consumer Staples	0.2%
95	Capital One	Financials	0.2%
96	CME Group	Financials	0.2%
97	Medtronic	Health Care	0.2%
98	Parker Hannifin	Industrials	0.2%
99	Corning Inc.	Info Tech	0.2%
100	ServiceNow	Info Tech	0.2%
101	Newmont	Materials	0.2%
102	Southern Company	Utilities	0.2%
103	Constellation Energy	Utilities	0.2%
104	Comcast	Communication Services	0.2%
105	McKesson Corporation	Health Care	0.2%
106	HCA Healthcare	Health Care	0.2%
107	Dell Technologies	Info Tech	0.2%
108	Duke Energy	Utilities	0.2%
109	Starbucks	Consumer Discretionary	0.2%
110	Northrop Grumman	Industrials	0.2%
111	Adobe Inc.	Info Tech	0.2%
112	CrowdStrike	Info Tech	0.2%
113	Boston Scientific	Health Care	0.2%
114	Waste Management	Industrials	0.2%
115	General Dynamics	Industrials	0.2%
116	Vertiv Holdings Co	Industrials	0.2%
117	Howmet Aerospace	Industrials	0.2%
118	Trane Technologies	Industrials	0.2%
119	Equinix	Real Estate	0.2%
120	Marriott International	Consumer Discretionary	0.2%
121	Williams Companies	Energy	0.2%
122	Intercontinental Exchange	Financials	0.2%
123	Blackstone Inc.	Financials	0.2%
124	Marsh & McLennan Companies, Inc.	Financials	0.2%
125	CVS Health	Health Care	0.2%
126	Western Digital	Info Tech	0.2%
127	Sandisk Corporation	Info Tech	0.2%
128	EOG Resources	Energy	0.1%
129	PNC Financial Services	Financials	0.1%
130	KKR	Financials	0.1%
131	BNY Mellon	Financials	0.1%
132	U.S. Bancorp	Financials	0.1%
133	Regeneron Pharmaceuticals	Health Care	0.1%
134	Automatic Data Processing	Industrials	0.1%
135	FedEx	Industrials	0.1%
136	United Parcel Service	Industrials	0.1%
137	Quanta Services	Industrials	0.1%
138	Seagate Technology	Info Tech	0.1%
139	Freeport-McMoRan	Materials	0.1%
140	Sherwin-Williams	Materials	0.1%
141	American Tower	Real Estate	0.1%
142	O'Reilly Auto Parts	Consumer Discretionary	0.1%
143	Nike, Inc.	Consumer Discretionary	0.1%
144	Airbnb	Consumer Discretionary	0.1%
145	Mondelez International	Consumer Staples	0.1%
146	Schlumberger	Energy	0.1%
147	Kinder Morgan	Energy	0.1%
148	Valero Energy	Energy	0.1%
149	Phillips 66	Energy	0.1%
150	Marathon Petroleum	Energy	0.1%
151	Moody's Corporation	Financials	0.1%
152	Johnson Controls	Industrials	0.1%
153	3M	Industrials	0.1%
154	CSX Corporation	Industrials	0.1%
155	Illinois Tool Works	Industrials	0.1%
156	Cadence Design Systems	Info Tech	0.1%
157	Synopsys	Info Tech	0.1%
158	Ecolab	Materials	0.1%
159	Warner Bros. Discovery	Communication Services	0.1%
160	Royal Caribbean Group	Consumer Discretionary	0.1%
161	Hilton Worldwide	Consumer Discretionary	0.1%
162	Ross Stores	Consumer Discretionary	0.1%
163	Monster Beverage	Consumer Staples	0.1%
164	Colgate-Palmolive	Consumer Staples	0.1%
165	Aon	Financials	0.1%
166	Cigna	Health Care	0.1%
167	Cummins	Industrials	0.1%
168	Emerson Electric	Industrials	0.1%
169	Republic Services	Industrials	0.1%
170	Cintas	Industrials	0.1%
171	Motorola Solutions	Info Tech	0.1%
172	CRH plc	Materials	0.1%
173	American Electric Power	Utilities	0.1%
174	General Motors	Consumer Discretionary	0.1%
175	DoorDash	Consumer Discretionary	0.1%
176	Occidental Petroleum	Energy	0.1%
177	Apollo Global Management	Financials	0.1%
178	Travelers Companies (The)	Financials	0.1%
179	Elevance Health	Health Care	0.1%
180	TransDigm Group	Industrials	0.1%
181	L3Harris	Industrials	0.1%
182	Norfolk Southern Railway	Industrials	0.1%
183	Air Products	Materials	0.1%
184	Sempra	Utilities	0.1%
185	AutoZone	Consumer Discretionary	0.1%
186	Baker Hughes	Energy	0.1%
187	ONEOK	Energy	0.1%
188	Diamondback Energy	Energy	0.1%
189	Robinhood Markets, Inc.	Financials	0.1%
190	Aflac	Financials	0.1%
191	Arthur J. Gallagher & Co.	Financials	0.1%
192	Truist Financial	Financials	0.1%
193	Cencora	Health Care	0.1%
194	Paccar	Industrials	0.1%
195	Fortinet	Info Tech	0.1%
196	TE Connectivity	Info Tech	0.1%
197	Corteva	Materials	0.1%
198	Digital Realty	Real Estate	0.1%
199	Simon Property Group	Real Estate	0.1%
200	Realty Income	Real Estate	0.1%
201	Electronic Arts	Communication Services	0.1%
202	Target Corporation	Consumer Discretionary	0.1%
203	Targa Resources	Energy	0.1%
204	Allstate	Financials	0.1%
205	Zoetis	Health Care	0.1%
206	Fastenal	Industrials	0.1%
207	W. W. Grainger	Industrials	0.1%
208	Ciena Corporation	Info Tech	0.1%
209	Autodesk	Info Tech	0.1%
210	Monolithic Power Systems	Info Tech	0.1%
211	Dominion Energy	Utilities	0.1%
212	Entergy	Utilities	0.1%
213	Exelon	Utilities	0.1%
214	Vistra Corp.	Utilities	0.1%
215	Xcel Energy	Utilities	0.1%
216	Ford Motor Company	Consumer Discretionary	0.1%
217	Garmin	Consumer Discretionary	0.1%
218	Kroger	Consumer Staples	0.1%
219	Hershey Company (The)	Consumer Staples	0.1%
220	Nasdaq, Inc.	Financials	0.1%
221	MetLife	Financials	0.1%
222	Cardinal Health	Health Care	0.1%
223	Edwards Lifesciences	Health Care	0.1%
224	Idexx Laboratories	Health Care	0.1%
225	Becton Dickinson	Health Care	0.1%
226	Ametek	Industrials	0.1%
227	Carrier Global	Industrials	0.1%
228	United Rentals	Industrials	0.1%
229	Comfort Systems USA, Inc.	Industrials	0.1%
230	NXP Semiconductors	Info Tech	0.1%
231	Lumentum Holdings Inc.	Info Tech	0.1%
232	Keysight Technologies	Info Tech	0.1%
233	Teradyne	Info Tech	0.1%
234	Public Storage	Real Estate	0.1%
235	Yum! Brands	Consumer Discretionary	0.1%
236	Carvana Co.	Consumer Discretionary	0.1%
237	Chipotle Mexican Grill	Consumer Discretionary	0.1%
238	eBay	Consumer Discretionary	0.1%
239	D. R. Horton	Consumer Discretionary	0.1%
240	EQT Corporation	Energy	0.1%
241	Coinbase Global	Financials	0.1%
242	PayPal	Financials	0.1%
243	Fifth Third Bancorp	Financials	0.1%
244	Ameriprise Financial	Financials	0.1%
245	American International Group	Financials	0.1%
246	MSCI	Financials	0.1%
247	Delta Air Lines	Industrials	0.1%
248	Wabtec	Industrials	0.1%
249	Old Dominion	Industrials	0.1%
250	Rockwell Automation	Industrials	0.1%
251	Coherent, Inc.	Info Tech	0.1%
252	Datadog	Info Tech	0.1%
253	Nucor	Materials	0.1%
254	CBRE Group	Real Estate	0.1%
255	Ventas	Real Estate	0.1%
256	Consolidated Edison	Utilities	0.1%
257	Public Service Enterprise Group	Utilities	0.1%
258	PG&E Corporation	Utilities	0.1%
259	WEC Energy Group	Utilities	0.1%
260	Take-Two Interactive	Communication Services	0.1%
261	Live Nation Entertainment	Communication Services	0.1%
262	EchoStar Corporation	Communication Services	0.1%
263	Las Vegas Sands	Consumer Discretionary	0.1%
264	Carnival	Consumer Discretionary	0.1%
265	Keurig Dr Pepper	Consumer Staples	0.1%
266	Archer Daniels Midland	Consumer Staples	0.1%
267	Sysco	Consumer Staples	0.1%
268	Kenvue	Consumer Staples	0.1%
269	Kimberly-Clark	Consumer Staples	0.1%
270	Halliburton	Energy	0.1%
271	Texas Pacific Land Corporation	Energy	0.1%
272	Devon Energy	Energy	0.1%
273	Hartford (The)	Financials	0.1%
274	State Street Corporation	Financials	0.1%
275	Block, Inc.	Financials	0.1%
276	Arch Capital Group	Financials	0.1%
277	Prudential Financial	Financials	0.1%
278	ResMed	Health Care	0.1%
279	Axon Enterprise	Industrials	0.1%
280	Paychex	Industrials	0.1%
281	Roper Technologies	Info Tech	0.1%
282	Workday, Inc.	Info Tech	0.1%
283	Microchip Technology	Info Tech	0.1%
284	Vulcan Materials Company	Materials	0.1%
285	Martin Marietta Materials	Materials	0.1%
286	Crown Castle	Real Estate	0.1%
287	Charter Communications	Communication Services	0.1%
288	Expedia Group	Consumer Discretionary	0.1%
289	Tapestry, Inc.	Consumer Discretionary	0.1%
290	Dollar General	Consumer Discretionary	0.1%
291	Kraft Heinz	Consumer Staples	0.1%
292	Constellation Brands	Consumer Staples	0.1%
293	Coterra	Energy	0.1%
294	Expand Energy	Energy	0.1%
295	Huntington Bancshares	Financials	0.1%
296	M&T Bank	Financials	0.1%
297	Cboe Global Markets	Financials	0.1%
298	Fiserv, Inc.	Financials	0.1%
299	Interactive Brokers Group	Financials	0.1%
300	Raymond James Financial	Financials	0.1%
301	Willis Towers Watson	Financials	0.1%
302	Agilent Technologies	Health Care	0.1%
303	GE HealthCare	Health Care	0.1%
304	Waters Corporation	Health Care	0.1%
305	IQVIA	Health Care	0.1%
306	Biogen	Health Care	0.1%
307	Copart	Industrials	0.1%
308	EMCOR Group, Inc.	Industrials	0.1%
309	Ingersoll Rand	Industrials	0.1%
310	Otis Worldwide	Industrials	0.1%
311	Xylem Inc.	Industrials	0.1%
312	United Airlines Holdings	Industrials	0.1%
313	Dover Corporation	Industrials	0.1%
314	Hewlett Packard Enterprise	Info Tech	0.1%
315	Cognizant	Info Tech	0.1%
316	Teledyne Technologies	Info Tech	0.1%
317	Jabil	Info Tech	0.1%
318	Dow Inc.	Materials	0.1%
319	LyondellBasell	Materials	0.1%
320	Iron Mountain	Real Estate	0.1%
321	Vici Properties	Real Estate	0.1%
322	Extra Space Storage	Real Estate	0.1%
323	Atmos Energy	Utilities	0.1%
324	DTE Energy	Utilities	0.1%
325	Ameren	Utilities	0.1%
326	NRG Energy	Utilities	0.1%
327	FirstEnergy	Utilities	0.1%
328	PPL Corporation	Utilities	0.1%
329	CenterPoint Energy	Utilities	0.1%
330	Edison International	Utilities	0.1%
331	American Water Works	Utilities	0.1%
332	Omnicom Group	Communication Services	0.04%
333	Tractor Supply	Consumer Discretionary	0.04%
334	Darden Restaurants	Consumer Discretionary	0.04%
335	Ulta Beauty	Consumer Discretionary	0.04%
336	PulteGroup	Consumer Discretionary	0.04%
337	Williams-Sonoma	Consumer Discretionary	0.04%
338	Lennar	Consumer Discretionary	0.04%
339	Dollar Tree	Consumer Staples	0.04%
340	Estée Lauder Companies (The)	Consumer Staples	0.04%
341	Bunge Global	Consumer Staples	0.04%
342	Tyson Foods	Consumer Staples	0.04%
343	Church & Dwight	Consumer Staples	0.04%
344	Northern Trust	Financials	0.04%
345	W. R. Berkley Corporation	Financials	0.04%
346	Citizens Financial Group	Financials	0.04%
347	Fidelity National Information Services	Financials	0.04%
348	Cincinnati Financial	Financials	0.04%
349	Ares Management Corporation	Financials	0.04%
350	Synchrony Financial	Financials	0.04%
351	Brown & Brown	Financials	0.04%
352	Loews Corporation	Financials	0.04%
353	Regions Financial Corporation	Financials	0.04%
354	KeyCorp	Financials	0.04%
355	Mettler Toledo	Health Care	0.04%
356	Dexcom	Health Care	0.04%
357	LabCorp	Health Care	0.04%
358	Quest Diagnostics	Health Care	0.04%
359	Steris	Health Care	0.04%
360	Verisk Analytics	Industrials	0.04%
361	Rollins, Inc.	Industrials	0.04%
362	Hubbell Incorporated	Industrials	0.04%
363	Equifax	Industrials	0.04%
364	Veralto	Industrials	0.04%
365	Fair Isaac	Info Tech	0.04%
366	Verisign	Info Tech	0.04%
367	Qnity Electronics	Info Tech	0.04%
368	ON Semiconductor	Info Tech	0.04%
369	Steel Dynamics	Materials	0.04%
370	PPG Industries	Materials	0.04%
371	CF Industries	Materials	0.04%
372	Albemarle Corporation	Materials	0.04%
373	AvalonBay Communities	Real Estate	0.04%
374	Equity Residential	Real Estate	0.04%
375	Eversource Energy	Utilities	0.04%
376	CMS Energy	Utilities	0.04%
377	NiSource	Utilities	0.04%
378	TKO Group Holdings	Communication Services	0.03%
379	Ralph Lauren Corporation	Consumer Discretionary	0.03%
380	NVR, Inc.	Consumer Discretionary	0.03%
381	Lululemon Athletica	Consumer Discretionary	0.03%
382	Genuine Parts Company	Consumer Discretionary	0.03%
383	General Mills	Consumer Staples	0.03%
384	McCormick & Company	Consumer Staples	0.03%
385	APA Corporation	Energy	0.03%
386	Corpay	Financials	0.03%
387	T. Rowe Price	Financials	0.03%
388	Principal Financial Group	Financials	0.03%
389	Broadridge Financial Solutions	Financials	0.03%
390	Global Payments	Financials	0.03%
391	Humana	Health Care	0.03%
392	Moderna	Health Care	0.03%
393	Incyte	Health Care	0.03%
394	West Pharmaceutical Services	Health Care	0.03%
395	Zimmer Biomet	Health Care	0.03%
396	Hologic	Health Care	0.03%
397	Centene Corporation	Health Care	0.03%
398	Viatris	Health Care	0.03%
399	Insulet Corporation	Health Care	0.03%
400	Leidos	Industrials	0.03%
401	J.B. Hunt	Industrials	0.03%
402	C.H. Robinson	Industrials	0.03%
403	Expeditors International	Industrials	0.03%
404	Snap-on	Industrials	0.03%
405	Southwest Airlines	Industrials	0.03%
406	Fortive	Industrials	0.03%
407	Lennox International	Industrials	0.03%
408	Textron	Industrials	0.03%
409	Jacobs Solutions	Industrials	0.03%
410	Huntington Ingalls Industries	Industrials	0.03%
411	NetApp	Info Tech	0.03%
412	First Solar	Info Tech	0.03%
413	HP Inc.	Info Tech	0.03%
414	PTC Inc.	Info Tech	0.03%
415	Akamai Technologies	Info Tech	0.03%
416	F5, Inc.	Info Tech	0.03%
417	CDW	Info Tech	0.03%
418	Trimble Inc.	Info Tech	0.03%
419	Tyler Technologies	Info Tech	0.03%
420	Smurfit WestRock	Materials	0.03%
421	Packaging Corporation of America	Materials	0.03%
422	International Paper	Materials	0.03%
423	International Flavors & Fragrances	Materials	0.03%
424	DuPont	Materials	0.03%
425	Amcor	Materials	0.03%
426	Ball Corporation	Materials	0.03%
427	SBA Communications	Real Estate	0.03%
428	Weyerhaeuser	Real Estate	0.03%
429	CoStar Group	Real Estate	0.03%
430	Essex Property Trust	Real Estate	0.03%
431	Invitation Homes	Real Estate	0.03%
432	Kimco Realty	Real Estate	0.03%
433	Evergy	Utilities	0.03%
434	Alliant Energy	Utilities	0.03%
435	Fox Corporation (Class B)	Communication Services	0.02%
436	Fox Corporation (Class A)	Communication Services	0.02%
437	The Trade Desk, Inc.	Communication Services	0.02%
438	Paramount Skydance Corp	Communication Services	0.02%
439	News Corp (Class A)	Communication Services	0.02%
440	Aptiv	Consumer Discretionary	0.02%
441	Deckers Brands	Consumer Discretionary	0.02%
442	Best Buy	Consumer Discretionary	0.02%
443	Hasbro	Consumer Discretionary	0.02%
444	Domino's	Consumer Discretionary	0.02%
445	Wynn Resorts	Consumer Discretionary	0.02%
446	MGM Resorts	Consumer Discretionary	0.02%
447	Hormel Foods	Consumer Staples	0.02%
448	Clorox	Consumer Staples	0.02%
449	Brown–Forman	Consumer Staples	0.02%
450	J.M. Smucker Company (The)	Consumer Staples	0.02%
451	Everest Group	Financials	0.02%
452	Erie Indemnity	Financials	0.02%
453	Franklin Resources	Financials	0.02%
454	Assurant	Financials	0.02%
455	Globe Life	Financials	0.02%
456	Invesco	Financials	0.02%
457	Cooper Companies (The)	Health Care	0.02%
458	Align Technology	Health Care	0.02%
459	Universal Health Services	Health Care	0.02%
460	Solventum	Health Care	0.02%
461	DaVita	Health Care	0.02%
462	Revvity	Health Care	0.02%
463	Nordson Corporation	Industrials	0.02%
464	IDEX Corporation	Industrials	0.02%
465	Pentair	Industrials	0.02%
466	Allegion	Industrials	0.02%
467	Masco	Industrials	0.02%
468	Generac	Industrials	0.02%
469	Stanley Black & Decker	Industrials	0.02%
470	A. O. Smith	Industrials	0.02%
471	Builders FirstSource	Industrials	0.02%
472	Supermicro	Info Tech	0.02%
473	Jack Henry & Associates	Info Tech	0.02%
474	Gartner	Info Tech	0.02%
475	Gen Digital	Info Tech	0.02%
476	GoDaddy	Info Tech	0.02%
477	Zebra Technologies	Info Tech	0.02%
478	Avery Dennison	Materials	0.02%
479	Mid-America Apartment Communities	Real Estate	0.02%
480	Regency Centers	Real Estate	0.02%
481	Host Hotels & Resorts	Real Estate	0.02%
482	Healthpeak Properties	Real Estate	0.02%
483	UDR, Inc.	Real Estate	0.02%
484	Camden Property Trust	Real Estate	0.02%
485	Federal Realty Investment Trust	Real Estate	0.02%
486	Pinnacle West	Utilities	0.02%
487	AES Corporation	Utilities	0.02%
488	News Corp (Class B)	Communication Services	0.01%
489	Norwegian Cruise Line Holdings	Consumer Discretionary	0.01%
490	Pool Corporation	Consumer Discretionary	0.01%
491	Molson Coors Beverage Company	Consumer Staples	0.01%
492	Conagra Brands	Consumer Staples	0.01%
493	Campbell Soup Company	Consumer Staples	0.01%
494	FactSet	Financials	0.01%
495	Henry Schein	Health Care	0.01%
496	Baxter International	Health Care	0.01%
497	Bio-Techne	Health Care	0.01%
498	Charles River Laboratories	Health Care	0.01%
499	Skyworks Solutions	Info Tech	0.01%
500	EPAM Systems	Info Tech	0.01%
501	Mosaic Company (The)	Materials	0.01%
502	BXP, Inc.	Real Estate	0.01%
503	Alexandria Real Estate Equities	Real Estate	0.01%

Berkshire Hathaway is the only financials company in the top 10 by market cap, with its ranking falling from sixth to 10th place since 2023. By contrast, Walmart has climbed to 11th from 29th in just two years amid strong online sales.

Among health care firms, Eli Lilly (#12) has overtaken UnitedHealth Group (#42) as the most valuable company, fueled by sales of its weight-loss drugs.

Why This Concentration Matters

While the top 10 companies’ share of the index has edged down from 41% in 2025, its still-elevated concentration relative to historical levels has real implications:

Diversification is shrinking: Index investors are more exposed to a handful of companies than at previous market-cycle peaks
Market performance is narrowing: A small group of firms is increasingly driving overall returns
The index is evolving: The S&P 500 may no longer broadly reflect the U.S. economy

In effect, the market is behaving less like a 500-company index, and more like a concentrated bet on a few dominant firms. At the center of this shift is the AI boom, illustrating how a single technological wave is reshaping the market’s hierarchy.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on 151 years of S&P 500 returns.

Bubble graphic showing the entire S&P 500 index by company in 2026.

Technology

SpaceX’s IPO Would Make It a Top 10 Company Globally

At a projected $1.75 trillion IPO valuation, where would SpaceX rank among the world’s largest public companies?

Published

3 weeks ago

April 8, 2026

SpaceX’s IPO Would Make It a Top 10 Company Globally

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

At a reported valuation of $1.75 trillion, SpaceX’s IPO would place it among the world’s 10 largest companies by market value.
If it lists near that level, SpaceX would surpass Saudi Aramco as the largest IPO by valuation in history.
Elon Musk owns about 42% of SpaceX, meaning a blockbuster listing could put him on track to become the first trillionaire.

SpaceX is still private, but its reported IPO valuation target already puts it in rare territory.

At $1.75 trillion, Elon Musk’s rocket and satellite company would enter the public markets as the eighth-largest company in the world.

This visualization compares SpaceX’s targeted IPO valuation with those of the world’s largest public companies, ranked by market capitalization using data from CompaniesMarketCap and Bloomberg as of April 1, 2026.

SpaceX Valuation Big Enough for Wall Street

At a targeted valuation of $1.75 trillion, SpaceX would be worth more than all but seven of the world’s largest public companies.

The table below shows the biggest companies globally by market cap and where SpaceX would rank among them:

Rank	Company	Market Cap (billions, USD)
1	NVIDIA	4,280
2	Apple	3,760
3	Alphabet (Google)	3,580
4	Microsoft	2,750
5	Amazon	2,270
6	TSMC	1,780
7	Saudi Aramco	1,780
8	SpaceX	1,750
9	Broadcom	1,490
10	Meta Platforms (Facebook)	1,470
11	Tesla	1,430
12	Berkshire Hathaway	1,030
13	Walmart	996
14	Eli Lilly	858
15	Samsung	838
16	JPMorgan Chase	797

The largest U.S. companies include Nvidia, Apple, Alphabet, Microsoft, and Amazon, alongside international giants like TSMC and Saudi Aramco.

If SpaceX lists near $1.75 trillion, it would surpass Saudi Aramco’s roughly $1.7 trillion debut in 2019, making it the largest IPO by valuation in history.

For context, that valuation would be more than double the size of JPMorgan, the largest U.S. bank, and Eli Lilly, the world’s largest pharmaceutical company.

SpaceX already handles over half of all global orbital launches. In addition to its reusable rockets, it operates Starlink, the world’s largest satellite internet network.

Elon Musk: The First Trillionaire?

Musk’s path to becoming a trillionaire depends largely on his stakes in SpaceX (42%) and Tesla (12%).

A public listing near $1.75 trillion would significantly increase the value of his holdings, potentially putting him within reach of a $1 trillion net worth, depending on Tesla’s share price.

Musk is already the world’s richest person, but crossing the trillion-dollar threshold would mark a first in history—roughly equivalent to Switzerland’s annual GDP.

Learn More on the Voronoi App

To learn more about how big the space economy is, check out this graphic, which visualizes its size.