SpaceX valuation balloons to $2.6 trillion, briefly passes Amazon
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SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday.
Key facts
This is all although SpaceX posted a $4.9 billion loss on $18.7 billion in revenue last year, compared to Amazon, which turned a $78 billion profit in 2025 on $717 billion in sales in 2025
SpaceX’s historic IPO saw it debut with a valuation of around $1.7 trillion, and the transaction raised nearly $86 billion for Musk’s company
That transaction netted SpaceX nearly $86 billion in fresh capital, largely on promises that it can create an AI business worth trillions of dollars, a wild claim for a company that recently tore
That appeared to be the case Tuesday, as traders swapped more than 300 million SpaceX shares throughout the trading day, more than half of the 555 million available on the public market post-IPO
Summary
The newly public company’s stock had already climbed 20% on Monday, its first full day of trading. This is all although SpaceX posted a $4.9 billion loss on $18.7 billion in revenue last year, compared to Amazon, which turned a $78 billion profit in 2025 on $717 billion in sales in 2025. The Anthropic and Google deals are non-binding, but investors don’t seem to mind either way. That transaction netted SpaceX nearly $86 billion in fresh capital, largely on promises that it can create an AI business worth trillions of dollars, a wild claim for a company that recently tore its AI division down to the studs.