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SpaceX Overtakes Amazon To Become World’s Fifth Most Valuable Company. SpaceX has overtaken Amazon to become the world’s fifth most valuable company after a sharp rise in its share price. Just days after its record-breaking stock market debut, SpaceX shares have climbed by more than 50 percent. The surge has pushed the company’s valuation to around 2.78 trillion dollars, surpassing Amazon’s estimated value of 2.66 trillion dollars. The rally comes as SpaceX announced plans to acquire AI coding company Anysphere, the developer of Cursor, in a deal worth 60 billion dollars. Founded by Elon Musk, SpaceX has attracted investors with ambitions ranging from artificial intelligence infrastructure in space to the long-term goal of colonising Mars. However, some analysts have questioned whether the company’s valuation can be sustained given uncertainty over future earnings and profitability.
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