SpaceX passes Amazon as valuation balloons to $2.7T

SpaceX passed Amazon to go the fifth-most invaluable institution successful the world, aft its banal terms climbed 20% connected Monday and much than 8% successful aboriginal trading Tuesday, bringing its valuation to much than $2.7 trillion.

That’s contempt Amazon turning a $78 cardinal nett successful 2025 connected $717 cardinal successful income past year, compared to SpaceX’s $4.9 cardinal nonaccomplishment connected $18.7 cardinal successful revenue. SpaceX has precocious added caller gross streams successful the signifier of compute leasing deals with Anthropic and Google, though, and the institution has added $1 trillion to its valuation since going nationalist connected Friday.

Tuesday’s banal terms leap came aft SpaceX announced it is acquiring AI coding startup Cursor successful an all-stock woody worthy $60 billion. SpaceX archetypal revealed a collaboration with Cursor successful April, astatine a clip erstwhile CEO Elon Musk said his AI institution xAI — present a portion of SpaceX — “was not built close [the] archetypal clip around” and that helium was rebuilding it “from the foundations up.”

SpaceX’s historical IPO saw it debut with a valuation of astir $1.7 trillion, and the transaction raised astir $86 cardinal for Musk’s company. SpaceX lone made astir 4% of its full shares disposable for trading, which experts predicted would marque the banal much susceptible to chaotic swings.