SpaceX passes Amazon as valuation balloons to $2.7T

SpaceX has overtaken Amazon to become the fifth most valuable company worldwide, with its valuation soaring to over $2.7 trillion. This significant increase follows a 20% stock price climb on Monday and an additional 8% rise in early Tuesday trading. The company's valuation has grown by $1 trillion since its public debut on Friday. This surge occurred despite Amazon's substantial 2025 profit of $78 billion on $717 billion in sales, compared to SpaceX's $4.9 billion loss on $18.7 billion in revenue. SpaceX has recently diversified its revenue through compute leasing deals with Anthropic and Google. The latest stock price jump was partly driven by SpaceX's announcement of its acquisition of AI coding startup Cursor for $60 billion in an all-stock deal. This acquisition follows a previous collaboration with Cursor, announced in April, when CEO Elon Musk indicated a rebuilding of his AI company, xAI, which is now part of SpaceX. SpaceX's initial public offering (IPO) debuted with a valuation of approximately $1.7 trillion, raising nearly $86 billion. Experts had anticipated potential stock volatility due to SpaceX making only about 4% of its total shares available for trading.

(Source：TechCrunch)