Spacex Overtakes Microsoft To Become Fourth Largest Us Company

SpaceX shares surged nearly 13 per cent on Tuesday, extending the rocket company’s spectacular rise following its record-breaking stock market debut on Friday.

The sharp rally briefly pushed SpaceX’s market capitalisation above that of Microsoft, making Elon Musk’s company the fourth-most valuable publicly traded firm in the United States.

SpaceX’s valuation touched $2.94 trillion during mid-morning trading, narrowly surpassing Microsoft’s market capitalisation of $2.93 trillion.

The company also moved ahead of Amazon, which is valued at around $2.66 trillion.

The latest jump came after SpaceX shares gained 20 per cent on their first full day of trading following the blockbuster initial public offering.

Adding to the investor excitement, SpaceX announced earlier on Tuesday that it would acquire popular artificial intelligence coding platform Cursor in a deal valued at $60 billion.

Musk, who serves as SpaceX CEO, said in a post on X on Sunday that the company “might be able to reach approximately” $1 trillion in annual revenue by 2030.

That would represent a massive increase from the $18.7 billion in revenue SpaceX generated in 2025.

However, the company remains heavily loss-making. SpaceX reported a net loss of $4.9 billion in 2025 and lost another $4.28 billion in the first quarter of this year.