SpaceX Is Now Worth More Than Amazon. Here's My Prediction For What Comes Next.
Written by Brett Schafer for The Motley Fool -> SpaceX is acquiring Cursor for $60 billion. The company has a market cap larger than Amazon's. Shares look highly priced right now for investors focused on the long haul. Space Exploration Technologies (NASDAQ: SPCX) -- SpaceX a
Shares look highly priced right now for investors focused on the long haul.
Space Exploration Technologies (NASDAQ: SPCX) -- SpaceX as it's commonly known -- has gone public, and the stock has risen 36% in less than a week as of this writing. It is now worth more than Amazon by market cap , making it the fifth-most-valuable company in the world. Investors around the world cannot get enough of Elon Musk's rocket company at any price, driving the small number of shares available for trading to new heights each day.
Now, SpaceX is formally acquiring the artificial intelligence ( AI ) start-up Cursor in a deal valued at $60 billion. Here's what I predict comes next for the company and its ambitions in both the space economy and the world of AI.
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With its slew of acquisitions in 2026, SpaceX has evolved from a space-economy stock to a full-fledged competitor in AI.
The company generated $4 billion in revenue from rocket launches last year and $11.4 billion in revenue from its Starlink satellite internet business, which should continue to grow in 2026. It is also developing a larger rocket, the Starship, to help take the next step in its ability to deliver payloads into orbit for itself and third parties.
However, what has investors most excited today is the company's ambitions in AI. It acquired xAI before the IPO, which owns X (formerly Twitter) and is investing heavily in data centers. SpaceX just signed computing deals with Anthropic and Alphabet worth $26 billion annually, which is more than its entire 2025 revenue of $18 billion.
Now, it has announced the finalization of its $60 billion acquisition of Cursor, using SpaceX stock for the deal. Cursor is an AI coding platform that has reached annual recurring revenue ( ARR ) of $2.6 billion and will hopefully help SpaceX compete more directly with OpenAI and Anthropic.
