22:31 - 16.06.2026
June 16, Fineko/abc.az. Elon Musk’s rocket and artificial intelligence enterprise, SpaceX, has witnessed a massive post-IPO stock surge, positioning the firm to firmly secure its rank as the world’s fourth-largest publicly traded company.
According to ABC.AZ, tracking a maximum intraday jump of up to 17%, SpaceX’s aggregate market valuation has soared to approximately $3 trillion. With this historic rally, the company has eclipsed Amazon by roughly $300 billion and Microsoft by nearly $20 billion in terms of net valuation.
Key Strategic Actions and Market Dynamics:
$60 Billion AI Acquisition: SpaceX has formally confirmed the approval of a takeover agreement to acquire the AI-driven coding startup Cursor in a deal valued at $60 billion. Under the approved framework, Cursor’s underlying investors will be granted rights to receive SpaceX equity based on Cursor’s assumed valuation metrics.
Retail Investor Frenzy: Data tracked by Vanda Research highlights that retail investors have been the primary catalyst behind the stock's exponential momentum. In the first two trading sessions alone, retail inflows into SpaceX matched the total volume allocated across the entire US stock market during the previous week. Vanda notes that while individual investors remain defensive elsewhere, they are aggressively consolidating their capital into this single ticker.
