TechCrunch — AI · June 16, 2026 · 2 min read

SpaceX passes Amazon as valuation balloons to $2.7T

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In Brief

Posted:

6:48 AM PDT · June 16, 2026

The crowd cheers at Playalinda Beach in the Canaveral National Seashore, just north of the Kennedy Space Center, during the launch of the SpaceX Falcon Heavy rocket, on Feb. 6, 2018. Playalinda is one of closest public viewing spots to see the launch, about 3 miles from the SpaceX launchpad 39-A. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images) — **Image Credits:**Orlando Sentinel (opens in a new window) / Getty Images

Sean O'Kane

SpaceX passes Amazon as valuation balloons to $2.7T

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.

That’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.

Tuesday’s stock price jump came after SpaceX announced 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.”

SpaceX’s historic IPO saw it debut with a valuation of around $1.7 trillion, and the transaction 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.

Topics

AI, Space, SpaceX

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