SpaceX valuation balloons to $2.6T, briefly passes Amazon
TechCrunch
SpaceX's stock surged following its IPO and acquisition news, briefly pushing the company's valuation past Amazon's to $2.9 trillion.Summary
SpaceX experienced extreme market volatility after its recent IPO, with its valuation briefly reaching $2.9 trillion and surpassing Amazon to become the world's fifth-most valuable company. Driven by the acquisition of Cursor and the commencement of options trading, the stock saw massive swings due to a limited public float. Despite posting significant financial losses, investors are betting heavily on the company's potential in AI and cloud compute leasing, evidenced by partnerships with companies like Anthropic and Google.
(Source：TechCrunch)