\n<\/p>\n
SpaceX 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, pushing its valuation past $2.7 trillion.<\/p>\n
That\u2019s despite Amazon turning a $78 billion profit in 2025 on $717 billion in sales last year, compared to SpaceX\u2019s $4.9 billion loss on $18.7 billion in revenue. SpaceX 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. <\/p>\n
Tuesday\u2019s stock price jump came after SpaceX announced<\/a> 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 \u2014 now a part of SpaceX \u2014 \u201cwas not built right [the] first time around\u201d and that he was rebuilding it \u201cfrom the foundations up.\u201d<\/p>\n SpaceX\u2019s historic IPO saw it debut with a valuation of around $1.7 trillion, and the transaction raised<\/a> nearly $86 billion for Musk\u2019s company. SpaceX only made about 4% of its total shares available for trading, which experts predicted would make the stock more susceptible to wild swings.<\/p>\n<\/div>\n