Elon Musk’s SpaceX has officially surpassed Amazon to become the world’s fifth most valuable company, following a staggering surge in its share price
Elon Musk’s SpaceX has officially surpassed Amazon to become the world’s fifth most valuable company, following a staggering surge in its share price. Just days after making a historic debut on New York’s Nasdaq stock exchange—the largest public listing ever—SpaceX’s shares skyrocketed by over 50%. This impressive leap now values Musk’s rocket venture at approximately $2.78 trillion (£2.1 trillion), whereas Jeff Bezos’s vast online retail and media empire is currently valued at around $2.66 trillion.
Now, what fueled this remarkable boom? Well, SpaceX recently announced its acquisition of AI coding start-up Cursor for a staggering $60 billion. The deal involves taking over Cursor’s parent company, Anysphere, which specializes in creating artificial intelligence coding agents. Investors are buzzing with excitement, captivated by SpaceX’s ambitious vision of launching AI data centers into space and even paving the way for human colonization of Mars.
The listing event raised a jaw-dropping $85.7 billion, catapulting Musk into the spotlight as the world’s first trillionaire. If we rewind to last Friday when shares were first sold to the public at $135 each, they’ve since surged to $209. But hang on a second—analysts are scratching their heads, questioning how sustainable this high share price really is, given the looming uncertainties surrounding SpaceX’s future earnings.
Now, let’s talk about brand recognition: while Amazon is a household name that you can’t escape from, SpaceX remains a bit more niche in the everyday lives of the general public. Even though SpaceX’s stock market value has now put it ahead of Amazon, the revenue and profit figures tell a different story. Amazon raked in a whopping $30.3 billion in profit during the first quarter of 2026, while Musk’s forward-thinking SpaceX reported a loss of $4.3 billion. In 2025, Bezos’s empire recorded sales of about $716.9 billion, while SpaceX pulled in $18.67 billion.
Nevertheless, it seems that investors are betting big on what SpaceX could achieve in the future. The company is heavily invested in manufacturing and launching reusable rockets, in addition to its growing Starlink internet satellite service, and now it’s ramping up efforts in the AI space. SpaceX and Cursor have been collaborating since April, with Musk’s firm having the option to either buy Cursor for $60 billion or pay $10 billion for their joint work.
Cursor’s technology, similar to that of OpenAI and Anthropic, employs AI to automate code writing, a major modern application of artificial intelligence. This partnership is particularly crucial as SpaceX aims to compete with rivals by expanding its AI division, xAI, the brain behind the controversial Grok chatbot. When announcing the partnership back in April, SpaceX stated: “The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.”
Major companies like Stripe, Adobe, and Nvidia already utilize Cursor, with Nvidia’s CEO, Jensen Huang, labeling it as his “favorite enterprise AI service.” SpaceX confirmed that this deal is scheduled for completion by the end of September, with Cursor’s shareholders set to receive $60 billion in SpaceX shares.
So, what’s next for SpaceX? As we watch the tech world unfold, it’ll be interesting to see how this new valuation affects Musk’s ambitious plans and whether SpaceX can maintain its momentum against industry giants like Amazon.
Kaynak: Orijinal Haber