SpaceX handed Amazon to turn into the fifth-most precious firm on the earth, after its inventory value climbed 20% on Monday and greater than 8% in early buying and selling Tuesday, pushing its valuation previous $2.7 trillion.
That’s regardless of Amazon turning a $78 billion revenue in 2025 on $717 billion in gross sales final 12 months, in comparison with SpaceX’s $4.9 billion loss on $18.7 billion in income. SpaceX has just lately added new income streams within the type of compute leasing offers with Anthropic and Google, although, and the corporate has added $1 trillion to its valuation since going public on Friday.
Tuesday’s inventory value bounce got here after SpaceX introduced it’s buying AI coding startup Cursor in an all-stock deal price $60 billion. SpaceX first revealed a collaboration with Cursor in April, at a time when CEO Elon Musk stated his AI firm xAI — now part of SpaceX — “was not constructed proper [the] first time round” and that he was rebuilding it “from the foundations up.”
SpaceX’s historic IPO noticed it debut with a valuation of round $1.7 trillion, and the transaction raised almost $86 billion for Musk’s firm. SpaceX solely made about 4% of its whole shares out there for buying and selling, which consultants predicted would make the inventory extra prone to wild swings.
