SpaceX Valuation Hits $2.9T Overtaking Microsoft as Oracle Cloud Talks Collapse
MSFT•SpaceX’s valuation leapt to $2.9 trillion after announcing a Cursor acquisition and options trading, briefly surpassing Microsoft as the world’s fifth-most valuable company. Meanwhile, Microsoft’s talks with Oracle on cloud infrastructure have fallen through and US limits on Anthropic’s Fable 5 AI model may boost European competitors against Azure.
1. SpaceX Valuation Surge
SpaceX’s stock climbed 20% on its first full trading day and spiked further when it announced the $60 billion share deal to acquire AI coding firm Cursor alongside the start of options trading. These events drove its market cap to $2.9 trillion, nudging past Microsoft before settling below by the close.
2. Collapse of MSFT-Oracle Cloud Deal
Microsoft and Oracle were in talks to integrate Oracle’s enterprise infrastructure with Azure’s cloud platform, a partnership aimed at expanding Azure’s footprint in key data center markets. Those negotiations ended without agreement, removing a potential boost to Microsoft’s cloud services strategy.
3. Impact of US Restrictions on Anthropic Model
New US directives barring foreign access to Anthropic’s Fable 5 AI model affect clients like Apple and Microsoft that planned to use it for software vulnerability testing. The curbs could accelerate investment in local AI development by European and Asian firms, intensifying competition for Azure AI offerings.
