SpaceX soars above Amazon in market cap
TL;DR
SpaceX rose another 4.8% on Tuesday and reached a $2.659 trillion market value, according to FactSet. In its first two full trading days, the company added about $537 billion in market cap. That put SpaceX just ahead of Amazon.com, which closed Tuesday at $2.646 trillion. SpaceX also announced a $60 billion all-stock deal to buy Cursor, giving Grok a stronger coding angle against Anthropic and OpenAI.
Nauti's Take
This is not normal market hype, it is a capital machine with an AI appetite. If SpaceX folds Cursor into Grok, coding stops being a feature and becomes leverage across everything Musk controls: cloud, models, infrastructure, and developer workflows.
Briefingshow
This is more than a leaderboard change: the market is handing SpaceX a fresh acquisition currency. When its own stock adds hundreds of billions in value, Musk can buy companies like Cursor without raising the same amount of cash. That is where market hype turns into operating power.
Sources
