SpaceX overtakes – SpaceX has vaulted past Amazon into the fifth-most valuable company worldwide after its stock surged more than 20% Monday and again over 8% in early trading Tuesday, pushing its valuation beyond $2.7 trillion.
For a company that only went public last week, SpaceX is already rewriting the scoreboard. Its shares jumped 20% on Monday. then climbed more than 8% in early trading Tuesday. lifting the company’s valuation past $2.7 trillion and pushing it ahead of Amazon to become the fifth-most valuable company in the world.
The move is striking because the numbers behind the hype don’t look symmetrical. Amazon turned a $78 billion profit in 2025 on $717 billion in sales last year. while SpaceX posted a $4.9 billion loss on $18.7 billion in revenue. SpaceX’s recent story is closer to momentum and positioning than traditional profitability—new revenue streams coming from compute leasing deals with Anthropic and Google.
That valuation has also ballooned fast. Since going public on Friday, SpaceX has added $1 trillion to its valuation.
Tuesday’s jump didn’t come out of nowhere. Shares moved higher after SpaceX announced it is acquiring AI coding startup Cursor in an all-stock deal worth $60 billion. SpaceX first revealed its collaboration with Cursor in April. At the time. 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.”.
SpaceX’s IPO was historic in its own right: it debuted with a valuation of around $1.7 trillion and raised nearly $86 billion for Musk’s company. But the trading dynamics also matter. SpaceX made about 4% of its total shares available for trading. a structure experts predicted would leave the stock more susceptible to wild swings.
In the space between those facts—losses on revenue, fast valuation gains, compute leasing, and a $60 billion all-stock acquisition—the pattern is hard to miss: the market is paying for where SpaceX is going next, not for where it is today.
SpaceX Amazon valuation IPO Elon Musk Cursor acquisition AI coding startup Anthropic compute leasing Google compute leasing xAI stock surge