SpaceX (SPCX) briefly topped Microsoft (MSFT) because the fourth-largest firm on the planet by market cap on Tuesday morning. SpaceX’s market cap touched $2.94 trillion in mid-morning buying and selling, surpassing Microsoft’s valuation of $2.93 trillion, earlier than settling decrease. The newly public house firm has had a terrific surge over the previous week since going public. Over the past 5 days, it’s climbed over 30% from its preliminary IPO, and its market cap can also be rapidly climbing the charts, inching nearer to a $3T market cap.
Additionally this morning, SpaceX overtook Amazon (AMZN) available on the market capitalization rankings. Tuesday’s SpaceX bounce, which might be the third session of positive aspects in a row, got here as the corporate introduced a deal to purchase AI-coding startup Cursor for $60 billion. It additionally places SpaceX’s market cap neck-and-neck with Microsoft’s.
Musk, who serves as CEO of SpaceX, posted on X on Sunday that the corporate “would possibly be capable to attain roughly $1 trillion income in 2030″. That might be an enormous bounce from the $18.7 billion in income it made in 2025. The corporate posted a $4.9 billion web loss in 2025, and it misplaced $4.28 billion within the first quarter of this yr.
In April, SpaceX and Cursor signed a partnership that noticed SpaceX conform to both make investments $10 billion into Cursor or purchase it outright for $60 billion. Now, lower than two months later, the 2 are transferring ahead with an acquisition, which SpaceX expects to shut later this yr. Cursor is thought for its AI coding device of the identical title. As just lately as April, the corporate was reportedly in talks to lift roughly $2 billion in new funding from Andreessen Horowitz, NVIDIA, and different traders. Now, it’s below the SpaceX umbrella, serving to the latter’s market cap surge.
