SpaceX passes Amazon as valuation balloons to $2.7T

# SpaceX passes Amazon as valuation balloons to $2.7T | TechCrunch Source: [https://techcrunch.com/2026/06/16/spacex-passes-amazon-as-valuation-balloons-to-2-7t/](https://techcrunch.com/2026/06/16/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, pushing its valuation past $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](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\.” SpaceX’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\.