SpaceX Is Now Worth More Than Amazon. Here's My Prediction For What Comes Next.

SpaceX has moved from a private rocket company to a public market force, with its shares up roughly 36% in under a week and a market cap near $2.8 trillion as of June 16. Trading in a small float created by an IPO lockup has helped the stock rise to around $220 per share, reflecting investor demand more than near-term fundamentals. The company has announced a $60 billion acquisition of Cursor, financed with SpaceX stock, expanding its reach across AI alongside Starship development and Starlink revenue. SpaceX also leverages its xAI unit and data-center ambitions, and it has already signed computing deals worth $26 billion annually with Anthropic and Alphabet.

Cursor's ARR is $2.6 billion; the deal positions Cursor as a hub for AI coding tools that may help SpaceX compete with OpenAI and others. Industry observers note that the acquisition further dilutes public float but signals ambitious cross-industry growth into AI data centers and software platforms. SpaceX's 2025 rocket-launch revenue was cited at $4 billion, with Starlink delivering about $11.4 billion, and analysts expect continued growth into 2026. With a $26 billion annual AI compute agreement already in place and ongoing Starship development, the market remains convinced SpaceX can translate speculative value into long-term cash flow.