SpaceX Rallies 50% to $2.66T Market Cap, Acquires Cursor for $60B
SpaceX stock has soared 50% in its first three trading days, lifting its market cap to about $2.66 trillion and surpassing Amazon as the world's fifth-most valuable public company. The company agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal, doubling net worth of four cofounders.
1. Rapid Stock Surge
Shares of SpaceX have climbed roughly 50% during their first three days of trading, driven by heavy retail demand, momentum from options activity and anticipation of index inclusion.
2. Market Cap Milestone
The rally pushed SpaceX’s market capitalization to approximately $2.66 trillion, narrowly surpassing Amazon’s $2.65 trillion valuation and placing SpaceX as the fifth-largest public company by market value.
3. $60B Cursor Acquisition
SpaceX announced an all-stock acquisition of AI coding startup Cursor valued at $60 billion, a transaction set to close by Q3 2026 and expected to double the net worth of Cursor’s four cofounders.
4. Trading Dynamics and Investor Sentiment
Technical drivers such as leveraged ETFs and index arbitrage have amplified the rally, while investor caution is reflected in commentary that bearish option bets against SpaceX remain prohibitively expensive.
