SpaceX shares jumped up to 17% in their second trading day, lifting the company’s market value to nearly $3 trillion—$300 billion above Amazon and $20 billion above Microsoft—making it the fourth largest public company. The firm also agreed to acquire AI coding startup Cursor in a $60 billion stock‐based deal.
SpaceX shares rose as much as 17% on their second trading day, pushing the company’s valuation to nearly $3 trillion. This placed the firm $300 billion above Amazon and $20 billion above Microsoft, securing the fourth largest public company ranking.
SpaceX formally agreed to acquire AI coding startup Cursor in a $60 billion stock‐based transaction that grants Cursor investors rights to receive SpaceX shares based on the implied equity value.
Retail traders drove significant volume, buying as much SpaceX stock in its first two days as they did across the entire US stock market last week, despite only 4.2% of shares being freely tradable. Options contracts on Cboe, Nasdaq and other exchanges are set to begin trading, adding leverage and potential volatility.
Analysts warn of potential downside pressure when insider lock‐up agreements expire later this year and more shares become available. Sustained retail appetite and successful integration of the Cursor acquisition will be critical for maintaining valuation and driving future earnings growth.
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