SpaceX Overtakes Amazon and Microsoft, Becomes Fourth Largest U.S. Company

SpaceX’s share price experienced a remarkable 13% increase on Tuesday, marking a significant milestone for the aerospace company. Following a record-setting IPO last Friday, SpaceX has now surpassed Microsoft in market capitalization, positioning itself as the fourth-largest company in the United States. As of the latest figures, SpaceX's market cap reached an impressive $2.94 trillion, while Microsoft stands at $2.93 trillion.

This surge in value follows a strong debut where SpaceX shares soared by 20% during their initial full day of trading. In addition, SpaceX announced its plans to acquire the AI coding agent Cursor for a substantial $60 billion.

Elon Musk, the CEO of SpaceX, hinted at ambitious revenue targets, suggesting that the company could potentially achieve approximately $1 trillion in revenue by 2030. This forecast is a remarkable increase from the $18.7 billion revenue reported in 2025, a year that also saw the company incur a net loss of $4.9 billion. In the first quarter of this year, SpaceX recorded a loss of $4.28 billion.

As the aerospace industry continues to evolve, SpaceX’s rapid growth reflects its pivotal role in the market and its potential for future success.