SpaceX has surpassed Amazon to become the fifth-most valuable company in the world, with its valuation reaching over $2.7 trillion. This significant jump comes after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday.
The company's recent addition of new revenue streams, including compute leasing deals with Anthropic and Google, has contributed to its growth. Additionally, SpaceX's acquisition of AI coding startup Cursor in an all-stock deal worth $60 billion has further boosted its stock price.
SpaceX's historic IPO, which debuted with a valuation of around $1.7 trillion, raised nearly $86 billion for the company. With only about 4% of its total shares available for trading, experts predict the stock may experience wild swings.
