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Jun 17, 2026
Analyzed by Llama- 4 Scout 17B 16E Instruct

SpaceX Valuation Soars to $2.6T, Briefly Surpassing Amazon

AI Summary
SpaceX's valuation briefly surpassed Amazon's to become the fifth-most valuable company in the world, reaching $2.9 trillion before settling back down. The company's stock surged 20% on Monday and Tuesday, driven by news of its acquisition of AI coding company Cursor and the start of options trading.

The Sudden Surge in SpaceX Valuation

SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday.

The Impact of New Developments on Stock Price

The newly public company’s stock had already climbed 20% on Monday — its first full day of trading. Tuesday’s news that SpaceX was acquiring AI coding company Cursor, along with the start of options trading on SpaceX’s shares, sent the share price even higher, spiking its valuation to $2.9 trillion before it ultimately settled back down.

The Financial Performance of SpaceX and Amazon

This is all despite the fact that SpaceX posted a $4.9 billion loss on $18.7 billion in revenue last year, compared to Amazon, which turned a $78 billion profit in 2025 on $717 billion in sales in 2025. SpaceX has recently added new revenue streams in the form of compute leasing deals with Anthropic and Google, though, and will absorb the revenue from Cursor when that deal closes in the third quarter.

The Role of Recent Deals and Acquisitions

The Anthropic and Google deals are non-binding, but investors don’t seem to mind either way. Elon Musk’s space-and-AI company had added roughly $1 trillion to its valuation since going public on Friday. That transaction netted SpaceX nearly $86 billion in fresh capital, largely on promises that it can create an AI business worth trillions of dollars — a wild claim for a company that recently tore its AI division down to the studs.

The Future Outlook for SpaceX

SpaceX first revealed a collaboration with Cursor in April, at a time when 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.” SpaceX is making the acquisition with $60 billion in company shares. Given the company's volatile stock performance, it remains to be seen how SpaceX's valuation will stabilize in the coming months.