SpaceX Surpasses Amazon in Valuation Amidst Stock Surge
Quick Look
- SpaceX's valuation soared past $2.7 trillion, making it the fifth-most valuable company globally, surpassing Amazon.
- This surge follows a 20% stock price increase on Monday and further gains Tuesday, driven by its acquisition of AI coding startup Cursor for $60 billion.
AI-generated summary
Why It Matters
SpaceX's stock price has seen significant increases, leading to a substantial rise in its market valuation. This growth is occurring despite the company's reported losses, contrasting with Amazon's profitability.
SpaceX passed Amazon to become the fifth-most valuable company in the world, after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday, bringing its valuation to more than $2.7 trillion.
That’s despite Amazon turning a $78 billion profit in 2025 on $717 billion in sales last year, compared to SpaceX’s $4.9 billion loss on $18.7 billion in revenue. SpaceX has recently added new revenue streams in the form of compute leasing deals with Anthropic and Google, though, and the company has added $1 trillion to its valuation since going public on Friday.
Tuesday’s stock price jump came after SpaceX announced it is acquiring AI coding startup Cursor in an all-stock deal worth $60 billion. SpaceX first revealed a collaboration with Cursor in April, at a time when CEO Elon Musk said his AI company xAI — now a part of SpaceX — “was not built right [the] first time around” and that he was rebuilding it “from the foundations up.”
What to Watch
AI outlook — possibilities, not facts
SpaceX's valuation may continue to climb if AI integration proves successful.
Possible · Medium term
Open Questions
- Sustainability of SpaceX's valuation growth
- Integration success of Cursor
- Impact of compute leasing deals
