SpaceX (SPACEX) Surpasses Amazon, Now Valued at $2.78 Trillion

AI Summary

Elon Musk's SpaceX (SPACEX) has overtaken Amazon to become the world's fifth most valuable firm, achieving a valuation of approximately $2.78 trillion after a share price surge exceeding 50%. Its recent public listing on the Nasdaq raised $85.7 billion, marking the largest IPO to date. Amazon's current valuation stands at $2.66 trillion, with the online retail giant posting a profit of $30.3 billion for Q1 2026, compared to SpaceX's loss of $4.3 billion. Investors are showing enthusiasm for SpaceX's plans in AI and space, despite concerns regarding future earnings sustainability and limited share availability.