Just days after its historic IPO, SpaceX founded by Elon Musk is experiencing a huge rise in the financial markets and has already surpassed in market capitalization tech giants like Amazon and Microsoft, two of the companies that make up the group known as “the magnificent seven.”
At the start of the stock market session this Tuesday, the aerospace company's shares were up nearly 12%, marking its third consecutive day of gains. Since its debut last Friday, the shares have accumulated a 55% increase, reflecting strong investor enthusiasm.
This rally has propelled the market value of the company founded by Elon Musk to $2.94 trillion, surpassing Microsoft at $2.93 trillion and Amazon at $2.67 trillion.
The most valuable companies in the world
In this way, SpaceX positions itself as the fourth most valuable company in the world, only behind Nvidia, which leads with a capitalization of $5.09 trillion, followed by Alphabet at $4.46 trillion, and Apple, which reaches $4.34 trillion.
The jump in the stock price is also linked to a recent strategic move: the acquisition of Anysphere, the company behind Cursor, a popular AI-based coding agent. The deal was valued at $60 billion.
Cursor has become a key tool within the Silicon Valley tech ecosystem, attracting developers with solutions that automate programming processes. Its growth positions it as a direct competitor to leading companies in the AI segment like Anthropic and OpenAI.
Elon Musk
With this purchase, SpaceX aims to consolidate its presence in the market for AI tools for businesses, a segment that promises exponential growth in the coming years.
According to projections from Elon Musk himself, this strategy could help the company achieve $1 trillion in revenue by 2030, expanding its business beyond the aerospace sector.
The stock performance of SpaceX and its diversification into artificial intelligence reinforce the company's prominence in the new era of convergence between advanced technology, software, and space exploration.
