SpaceX Surpasses Amazon, Briefly Tops Microsoft After IPO Rally
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Summary
The Reuters segment covers SpaceX's post-IPO stock surge on June 16-17 2026, noting shares rose up to 17% intraday to push market value past Amazon and briefly above Microsoft, ranking it fifth globally with a ~$2.8T cap. It highlights the jump from the $135 IPO price, ongoing index inclusions, record options trading volume, and a $60B all-stock deal for the Cursor AI coding startup.
Editorial Assessment
The broadcast accurately reflects real-time market movements and financial disclosures from SpaceX's S-1 filing. Minor context missing on the acquisition being structured as a purchase option rather than a completed transaction, and on exact current rankings fluctuating daily. Framing is straightforward and data-driven without loaded language. Viewers may miss that SpaceX remains unprofitable with heavy AI-related losses offsetting Starlink growth, and that index inclusions follow recent rule changes easing entry for mega-cap IPOs.
Key Moments
SpaceX shares rose as much as 17%, vaulting market value past Amazon and briefly above Microsoft to ~$2.8T
Matches contemporaneous Reuters and Yahoo Finance reporting on June 16 2026 trading; cap reached ~$2.75T-$2.8T intraday
Fifth most valuable company globally, shares up >60% from $135 IPO
Confirmed by multiple outlets; debut closed ~$161 (~19-20% gain), subsequent rally pushed higher
Net loss of nearly $5B last year
S-1 filing shows $4.9B net loss on $18.7B revenue in 2025
Will buy Anysphere (Cursor) for $60B all-stock deal
April 2026 announcement gave SpaceX an option/right to acquire; not a firm completed purchase
Fast-track Nasdaq 100 inclusion plus FTSE Russell and MSCI additions
Nasdaq rule change enables 15-day entry; FTSE Russell fast-entry confirmed for large IPOs
Sources Consulted
- SpaceX vaults past Microsoft and Amazon's market value
- SpaceX rockets past Amazon, eyes Microsoft in sprint toward $3 trillion
- SpaceX surges past Microsoft in market cap
- SpaceX surpasses Amazon in market cap as post-IPO momentum picks up
- SpaceX Valuation Tops Amazon and Microsoft on Third Trading Day
- SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race
- SpaceX Agrees to Buy AI Coding Agent Cursor for $60 Billion
- SpaceX to acquire the AI coding startup Cursor for $60 billion
- Musk's SpaceX prices record $75 billion IPO at $135 a share
- SpaceX IPO: SPCX Debuts At $150 (Live Updates)
- SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon
- SpaceX IPO: Live updates