SpaceX Surpasses Amazon in Market Cap After Strong IPO Performance

Following its historic IPO debut, SpaceX's stock surged by over 35%, pushing the company's market capitalization past that of Amazon and briefly surpassing Microsoft. The momentum was driven by a $60 billion acquisition deal with Anysphere, parent company of AI tool Cursor.

By Eric Revell Tue, June 16, 2026 at 5:05 PM GMT+3 2 min read · Yahoo Finance · June 16, 2026, 14:05 UTC

SpaceX Surpasses Amazon in Market Cap After Strong IPO Performance

Tickers: $AMZN $MSFT $SPCX

Topics: AI acquisition IPO SpaceX stock price surge

Read the full article at Yahoo Finance

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