{"slug": "spacex-passes-amazon-as-valuation-balloons-to-2-7t", "title": "SpaceX passes Amazon as valuation balloons to $2.7T", "summary": "SpaceX surpassed Amazon to become the world's fifth-most valuable company with a $2.7 trillion valuation, driven by a 20% stock surge on Monday and further gains Tuesday after announcing a $60 billion acquisition of AI startup Cursor. The milestone comes despite SpaceX posting a $4.9 billion loss on $18.7 billion in revenue, contrasting with Amazon's $78 billion profit on $717 billion in sales. SpaceX's valuation has swelled by $1 trillion since its IPO last Friday, which raised nearly $86 billion.", "body_md": "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, bringing its valuation to more than $2.7 trillion.\n\nThat’s despite Amazon turning a $78 billion profit in 2025 on $717 billion in sales last year, compared to SpaceX’s $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.\n\nTuesday’s stock price jump came after SpaceX [announced](https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-for-60b-in-stock-days-after-blockbuster-ipo/) 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.”\n\nSpaceX’s historic IPO saw it debut with a valuation of around $1.7 trillion, and the transaction [raised](https://techcrunch.com/2026/06/15/spacexs-biggest-ever-ipo-just-grew-to-85-7-billion-raised/) nearly $86 billion for Musk’s 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.", "url": "https://wpnews.pro/news/spacex-passes-amazon-as-valuation-balloons-to-2-7t", "canonical_source": "https://techcrunch.com/2026/06/16/spacex-passes-amazon-as-valuation-balloons-to-2-7t/", "published_at": "2026-06-16 13:48:37+00:00", "updated_at": "2026-06-16 13:51:56.136053+00:00", "lang": "en", "topics": ["ai-startups", "ai-tools", "artificial-intelligence", "ai-products", "ai-research"], "entities": ["SpaceX", "Amazon", "Anthropic", "Google", "Cursor", "Elon Musk", "xAI"], "alternates": {"html": "https://wpnews.pro/news/spacex-passes-amazon-as-valuation-balloons-to-2-7t", "markdown": "https://wpnews.pro/news/spacex-passes-amazon-as-valuation-balloons-to-2-7t.md", "text": "https://wpnews.pro/news/spacex-passes-amazon-as-valuation-balloons-to-2-7t.txt", "jsonld": "https://wpnews.pro/news/spacex-passes-amazon-as-valuation-balloons-to-2-7t.jsonld"}}