SpaceX passes Amazon as valuation balloons to $2.7T
Key takeaways
- Space X 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 Space X s $4.9 billion loss on $18.7 billion in revenue.
- Tuesday s stock price jump came after SpaceX announced it is acquiring AI coding startup Cursor in an all-stock deal worth $60 billion.
Why this matters: a development in AI with implications for how people work, create, and decide.
Space X 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 Space X s $4.9 billion loss on $18.7 billion in revenue. Space X 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.”