SpaceX has passed Amazon to become the fifth-most valuable company in the world, with its valuation surpassing $2.7 trillion. The surge came after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday. This marks a significant shift, despite Amazon reporting a $78 billion profit in 2025 on $717 billion in sales, compared to SpaceX’s $4.9 billion loss on $18.7 billion in revenue. The company’s recent addition of new revenue streams through compute leasing deals with Anthropic and Google has contributed to its valuation growth.
SpaceX’s stock price jump was fueled by its announcement of acquiring AI coding startup Cursor in an all-stock deal valued at $60 billion. The company first revealed a collaboration with Cursor in April, at a time when CEO Elon Musk stated that his AI company xAI — now part of SpaceX — was not built correctly the first time and was being rebuilt from the ground up. The historic IPO saw SpaceX debut with a valuation of around $1.7 trillion, raising nearly $86 billion for Musk’s company. Only about 4% of its total shares were made available for trading, which experts predicted could lead to more volatile stock movements.
The company’s rapid rise in valuation highlights the growing importance of space and AI ventures in the current market. SpaceX’s recent strategic moves, including the Cursor acquisition, underscore its expanding influence in the tech and aerospace sectors. Source: techcrunch
