SpaceX passes Amazon as valuation balloons to $2.7T

Separately, neither could compete. Now they hope they can.

SpaceX has climbed to a market value of nearly $2.93 trillion after its shares jumped more than 17%, briefly pushing Elon Musk’s aerospace company ahead of both Amazon and Microsoft in the global corporate rankings. According to data from Yahoo…

TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.

SpaceX shares rose again Tuesday, lifting SPCX nearly 58% above its IPO price and pushing the company past Amazon by market cap. The post SpaceX shares rise 11%, flip Amazon to become fifth largest company by market cap appeared first on Crypto Briefing.

The SpaceX IPO highlights the growing influence of crypto derivatives in traditional finance, offering retail investors alternative access. The post SpaceX IPO generates over $1B in trading volume on first day, but not where you’d expect appeared first on Crypto Briefing.

SpaceX's IPO and Bitcoin holdings highlight the growing intersection of traditional finance and digital assets, influencing market dynamics. The post SpaceX becomes world’s fifth-largest company, holds 18,712 Bitcoin worth over $1B appeared first on Crypto Briefing.

The SpaceX IPO highlights the risks of tokenized equity products, emphasizing the need for transparency and reliable backing mechanisms. The post SpaceX’s IPO becomes a stress test for crypto price discovery as tokenized access falls apart appeared first on Crypto Briefing.

SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal, just days after completing the largest IPO in history, which raised nearly $86 billion and debuted the company at a $1.7 trillion valuation. Since going public on Friday, SpaceX stock has climbed from its IPO price of $135 to more […]