Elon Musk’s SpaceX has overtaken Amazon to become the world’s fifth most valuable company following a sharp surge in its share price just days after its historic stock market debut.
The aerospace and technology company is now valued at approximately $2.78 trillion, surpassing Amazon’s market value of about $2.66 trillion and marking a major milestone in Musk’s business empire.
SpaceX shares have risen by more than 50 percent since the company completed what has been described as the largest public listing in history. The stock, which debuted at $135 per share, climbed to around $209 within days of trading.
The company’s valuation received an additional boost after it announced plans to acquire artificial intelligence coding startup Cursor in a deal worth $60 billion. Cursor’s parent company, Anysphere, develops AI-powered software designed to automate computer programming tasks.
Investor enthusiasm has been fuelled by SpaceX’s ambitious vision for the future, including plans to expand AI infrastructure, deploy space-based data centres, strengthen its Starlink satellite internet network and advance long-term missions aimed at human settlement on Mars.
The successful public listing reportedly raised $85.7 billion and cemented Musk’s position as the world’s first trillionaire.
Despite its soaring market value, SpaceX remains significantly smaller than Amazon in terms of revenue and profitability. Amazon generated approximately $30.3 billion in profit during the first quarter of 2026 and recorded annual sales of about $716.9 billion in 2025.
By comparison, SpaceX reported revenue of $18.67 billion and posted a loss of $4.3 billion over the same period. Analysts say the company’s valuation reflects investor confidence in its future potential rather than its current financial performance.
Many investors are betting that SpaceX’s leadership in commercial spaceflight, satellite communications and artificial intelligence could generate substantial long-term returns. The acquisition of Cursor is also seen as part of SpaceX’s broader push into the rapidly growing AI sector.
Cursor’s technology is already used by major companies including Stripe, Adobe and Nvidia. SpaceX said the combination of Cursor’s AI expertise and its own powerful computing infrastructure would help develop more advanced artificial intelligence systems capable of serving businesses and consumers worldwide.
While some market analysts have questioned whether SpaceX’s current valuation can be sustained, the company’s remarkable rise underscores growing investor appetite for technology firms positioned at the forefront of space exploration and artificial intelligence innovation.
