SpaceX overtook Amazon to become the world’s fifth most valuable company, with its share price rising 20% on Monday and more than 8% in early trading on Tuesday, giving it a valuation of more than $2.7 trillion.
That’s despite Amazon making a $78 billion profit in 2025 on $717 billion in sales last year, while SpaceX lost $4.9 billion on $18.7 billion in revenue. SpaceX recently added new revenue streams in the form of compute leasing deals with Anthropic and Google, and the company has added $1 trillion to its valuation since going public on Friday.
The surge in share prices on Tuesday came after SpaceX announced It is acquiring AI coding startup Cursor in a $60 billion all-stock deal. SpaceX first revealed the collaboration with Cursor in April, at the time when CEO Elon Musk said that his AI company xAI – now a part of SpaceX – “was not built correctly [the] For the first time” and he was rebuilding it “from the ground up.”
SpaceX’s historic IPO debuts with valuation and transactions of nearly $1.7 trillion raised About $86 billion for Musk’s company. SpaceX made only 4% of its total shares available for trading, which experts predicted would make the stock more vulnerable to wild fluctuations.
