SpaceX Market Surge
SpaceX's IPO-fueled valuation jump and AI acquisition push it past Amazon.
June 16, 2026 · Updated Jun 16, 6:43pm ET
Los Angeles TimesSpaceX buys AI coding startup for $60B in race for an edge over Anthropic and OpenAI
NBC NewsSpaceX tops Amazon in market value as retail investors race to buy shares
Fox BusinessMusk's SpaceX surges past Amazon in market cap after historic IPO debut
The GuardianSpaceX overtakes Amazon as world’s fifth most valuable company
TechCrunchSpaceX valuation balloons to $2.6T, briefly passes Amazon
New York PostSpaceX hot streak makes Elon Musk’s biz the fifth-biggest US company, surpassing Amazon
CNBCSpaceX's blistering start still faces key tests that will determine the stock's true value
ARS TechnicaSpaceX to acquire AI coding platform Cursor for $60 billion
SemaforSpaceX overtakes Amazon in value, raising concerns of a bubble
GizmodoAfter Raising More Money Than God, SpaceX Is Ready to Tie the Knot With Cursor
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Pano rates the coverage Mostly Center.
What happened
SpaceX’s newly public shares extended a blistering rally after the largest IPO in history, briefly pushing Elon Musk’s company past Amazon and near Microsoft in market value. The stock rose from its $150 debut price to as high as $225 before closing Tuesday at $201.68, leaving SpaceX valued around $2.6 trillion to $2.65 trillion and ranking among the world’s five most valuable companies. Retail demand, options trading and excitement around Musk’s combined rocket-and-AI ambitions fueled the surge, but analysts raised bubble concerns as SpaceX’s valuation dwarfed its current financial performance, including a price-to-sales ratio near 150 and recent losses. The rally also coincided with SpaceX’s planned $60 billion acquisition of Cursor, adding to investor expectations that the company will deepen its AI capabilities after going public.