SpaceX valuation balloons to $2.6T, briefly passes Amazon (opens original article in a new tab)

SpaceX's valuation briefly surpassed Amazon, reaching $2.9 trillion, driven by its IPO and acquisitions, despite a significant loss in 2025.

• SpaceX's valuation briefly surpassed Amazon, reaching $2.9 trillion.
• SpaceX's stock rose 20% on its first trading day, with additional gains from acquiring Cursor and options trading.
• SpaceX posted a $4.9 billion loss in 2025 despite $18.7 billion in revenue.