SpaceX passes Amazon as valuation balloons to $2.7T

SpaceX's valuation has soared past $2.7 trillion, positioning it as the fifth most valuable company globally, exceeding Amazon. This remarkable increase followed a substantial rise in its stock price, climbing 20% on Monday and an additional 8% in early trading on Tuesday.

Despite Amazon's significant profit of $78 billion in 2025 on $717 billion in sales last year, contrasted with SpaceX's $4.9 billion loss on $18.7 billion in revenue, SpaceX has expanded its financial portfolio. The company recently secured new revenue streams through compute leasing deals with Anthropic and Google.

The latest surge in stock value was catalyzed by SpaceX's announcement of acquiring AI coding startup Cursor in an all-stock deal worth $60 billion. This acquisition builds on a prior collaboration with Cursor revealed in April, coinciding with CEO Elon Musk's efforts to rebuild his AI company, xAI, which is now integrated into SpaceX.

SpaceX's initial public offering saw it debut with a valuation of approximately $1.7 trillion, raising nearly $86 billion. Only about 4% of its total shares were made available for trading, a factor experts believed could lead to significant stock price volatility.