SpaceX passes Amazon as valuation balloons to $2.7T
SpaceX has surpassed Amazon in market valuation, reaching $2.7 trillion following a stock surge and the acquisition of AI startup Cursor. Despite reporting a financial loss, the company's valuation has ballooned significantly since its recent IPO.
Why it matters
The rapid valuation of SpaceX reflects intense investor interest in the space and AI sectors, even as the company navigates profitability challenges.
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.
The article provides financial data and business news without taking a stance on the company's performance.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in