Topline<\/p>\n
Elon Musk\u2019s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their second full trading day, ranking Musk\u2019s rocket maker ahead of Amazon as the world\u2019s fifth-largest company by market value.<\/p>\n
Shares of Elon Musk\u2019s rocket maker have soared by more than 30% since their trading debut. <\/p>\n
Getty ImagesKey Facts<\/p>\n
Shares of SpaceX rallied by just over 10% shortly after trading opened on Tuesday, raising its market value to about $2.77 trillion and ranking it ahead of Amazon ($2.6 trillion) as the fifth-largest company.<\/p>\n
A further boost to SpaceX\u2019s stock marks a nearly 35% rally since its IPO on Friday, when shares closed up 19%, and surged another 19.5% on Monday.<\/p>\n
The latest increase in SpaceX shares added $119.1 billion to Musk\u2019s net worth, which is now valued at about $1.4 trillion, ranking him more than $1 trillion ahead of Google cofounder Larry Page ($300.7 billion), who Forbes ranks as the world\u2019s second-richest person.<\/p>\n
Musk holds 4.8 billion SpaceX shares, bringing his stake to about 38%, with an additional 350 million stock options with an exercise price of $8.40 per share.<\/p>\n
what to watch for<\/p>\n
SpaceX may soon challenge Microsoft as the fourth-largest company, falling behind the software giant\u2019s market value of $2.92 trillion. Apple is the next largest with a market capitalization of $4.3 trillion, followed by Alphabet at $4.4 trillion. Both trail Nvidia at $5 trillion.<\/p>\n
tangent<\/p>\n
SpaceX disclosed to the Securities and Exchange Commission on Monday that it would acquire the AI coding platform Cursor\u2019s parent company, Anysphere, for $60 billion. SpaceX said it anticipated the deal closing by Q3 2026. Cursor and SpaceX announced a partnership in April, saying they would work together on \u201ccoding and knowledge work AI,\u201d and SpaceX said at the time it reserved the right to pay Cursor $10 billion or outright buy the company for $60 billion.<\/p>\n
key background<\/p>\n
A meteoric rise in SpaceX shares follows its blockbuster stock debut last week, underpinned by record-setting investor demand that boosted its IPO to $85 billion. Musk has pitched his company hitting $1 trillion in revenue by 2030, a reversal from the $18.7 billion recorded in all of 2025, despite a net loss of $4.9 billion in the year and $4.28 billion through its latest quarter. Some analysts have disputed SpaceX\u2019s market valuation, including \u201cBig Short\u201d investor Michael Burry, who has claimed there was \u201cnothing\u201d in SpaceX\u2019s IPO paperwork that suggested the company was worth $1 trillion or even $2 trillion. <\/p>\n
further readingForbesSpaceX Will Buy AI Coding Firm Cursor For $60 BillionBy Siladitya Ray<\/a>ForbesSpaceX Soars Another 20%\u2014Rocketing Musk\u2019s Net Worth To $1.3 TrillionBy Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline Elon Musk\u2019s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their…\n","protected":false},"author":2,"featured_media":538191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[270],"tags":[1463,18,1647,214584,19,17,133,451,5908,231229,2731,229094],"class_list":["post-538190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-amazon","tag-eire","tag-elon-musk","tag-elon-musk-net-worth","tag-ie","tag-ireland","tag-science","tag-space","tag-space-x","tag-space-x-stock","tag-spacex","tag-spacex-shares"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116760485760403074","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/538190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=538190"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/538190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/538191"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=538190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=538190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=538190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}