SpaceX’s Valuation Soars to $2.9T, Briefly Surpasses Amazon — Market Reaction After IPO

Quick update from tech and space: SpaceX's valuation jumped after its IPO.

- At its peak, shares implied a valuation of about $2.9T, briefly eclipsing Amazon; by close it settled at ~$2.6T.
- The surge was fuelled by the announcement to acquire AI company Cursor for $60 billion in stock and the start of options trading.
- Last year SpaceX posted a $4.9B loss on $18.7B revenue; Amazon reported $78B profit on $717B revenue.
- A ~4% float and large cloud compute leases with Anthropic and Google amplified volatility.

Why it matters: market is betting on SpaceX’s AI prospects, but fundamentals and risks remain.

How do you assess SpaceX’s chances of delivering these ambitions?

#SpaceX #IPO #AI #finance