{"id":20647,"date":"2026-06-16T16:23:39","date_gmt":"2026-06-16T16:23:39","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/06\/16\/spacex-vaults-past-amazon-as-cursor-deal-ignites-2-9t-surge\/"},"modified":"2026-06-16T16:23:39","modified_gmt":"2026-06-16T16:23:39","slug":"spacex-vaults-past-amazon-as-cursor-deal-ignites-2-9t-surge","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/06\/16\/spacex-vaults-past-amazon-as-cursor-deal-ignites-2-9t-surge\/","title":{"rendered":"SpaceX vaults past Amazon as Cursor deal ignites $2.9T surge"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"is-style-lead\">SpaceX has climbed to a market value of nearly $2.93 trillion after its shares jumped more than 17%, briefly pushing Elon Musk\u2019s aerospace company ahead of both Amazon and Microsoft in the global corporate rankings.<\/p>\n<div id=\"cn-block-summary-block_97c0f50fc63504a73c00e3230b71393c\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SpaceX surged more than 17%, briefly overtaking Microsoft and surpassing Amazon by market value.<\/li>\n<li>Investors cheered SpaceX\u2019s planned $60 billion merger with Cursor AI developer Anysphere.<\/li>\n<li>Binance\u2019s SPCXUSDT contract topped $5.6 billion in daily volume and $9 billion overall.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from Yahoo Finance, SpaceX shares rose as much as 17.21% on Tuesday to an intraday high of $225.64, lifting the company\u2019s valuation to approximately $2.93 trillion.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1016\" height=\"707\" src=\"https:\/\/media.crypto.news\/2026\/06\/image-210.webp\" alt=\"SpaceX shares surged as much as 17.2% to a record $225.64 before pulling back to a gain of about 9.4%, valuing the company near $2.75 trillion.\" class=\"wp-image-14467684\" srcset=\"https:\/\/media.crypto.news\/2026\/06\/image-210.webp 1016w, https:\/\/media.crypto.news\/2026\/06\/image-210-300x209.webp 300w, https:\/\/media.crypto.news\/2026\/06\/image-210-768x534.webp 768w, https:\/\/media.crypto.news\/2026\/06\/image-210-880x612.webp 880w\" sizes=\"auto, (max-width: 1016px) 100vw, 1016px\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/finance.yahoo.com\/quote\/SPCX\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a><\/figcaption><\/figure>\n<p>The move temporarily placed SpaceX above Microsoft, whose shares fell 1.63% to value the software giant at roughly $2.92 trillion. Microsoft later reclaimed the position as SpaceX pared some gains, though the aerospace company remained comfortably ahead of Amazon.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1339\" height=\"696\" src=\"https:\/\/media.crypto.news\/2026\/06\/image-209.webp\" alt=\"SpaceX currently ranks as the world's fifth-largest company with a $2.77 trillion market cap, surpassing Amazon during Tuesday trading.\" class=\"wp-image-14467683\" srcset=\"https:\/\/media.crypto.news\/2026\/06\/image-209.webp 1339w, https:\/\/media.crypto.news\/2026\/06\/image-209-300x156.webp 300w, https:\/\/media.crypto.news\/2026\/06\/image-209-1024x532.webp 1024w, https:\/\/media.crypto.news\/2026\/06\/image-209-768x399.webp 768w, https:\/\/media.crypto.news\/2026\/06\/image-209-880x457.webp 880w\" sizes=\"auto, (max-width: 1339px) 100vw, 1339px\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/companiesmarketcap.com\/usd\/\" target=\"_blank\" rel=\"nofollow\">Companies Market Cap<\/a><\/figcaption><\/figure>\n<p>At the time of writing, Amazon shares were up 0.68%, giving the company a market capitalization of about $2.66 trillion, well below SpaceX\u2019s despite volatility in early trading.<\/p>\n<p>The latest rally extended momentum that began a day earlier. SpaceX stock gained 19.6% on Monday <a href=\"https:\/\/crypto.news\/spacex-defies-wall-street-as-valuation-surges-past-2-3-trillion\/\" target=\"_blank\">following news<\/a> of a U.S.-Iran peace agreement, before advancing another 11.57% in after-hours trading. Shares then added nearly 10% in premarket activity on Tuesday before accelerating further after the opening bell.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Cursor merger drives investor demand<\/h2>\n<p>According to SpaceX, the company and its subsidiary X67 Inc. have entered into a merger agreement with Anysphere Inc., the developer of Cursor AI. Under the proposed transaction, X67 will become a wholly owned subsidiary of SpaceX.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SpaceX has exercised the option to acquire <a rel=\"nofollow\" href=\"https:\/\/x.com\/cursor_ai?ref_src=twsrc%5Etfw\">@cursor_ai<\/a> in an all-stock transaction with the goal of building the world\u2019s most useful AI models.<\/p>\n<p>For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.\u2026 <a rel=\"nofollow\" href=\"https:\/\/t.co\/X5mepgXgjJ\">https:\/\/t.co\/X5mepgXgjJ<\/a><\/p>\n<p>\u2014 SpaceX (@SpaceX) <a rel=\"nofollow\" href=\"https:\/\/x.com\/SpaceX\/status\/2066873915717136548?ref_src=twsrc%5Etfw\">June 16, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>SpaceX said all common and preferred Cursor shares will automatically convert into rights linked to SpaceX stock once the merger closes. The company valued Cursor at approximately $60 billion in the all-stock transaction.<\/p>\n<p>Regulatory approvals and customary closing conditions remain outstanding, with SpaceX stating that completion is expected during the third quarter of 2026.<\/p>\n<p>Investor enthusiasm surrounding the merger announcement appeared to fuel much of the premarket buying activity. Reports ahead of the company\u2019s Nasdaq debut indicated that retail demand for SpaceX shares had <a href=\"https:\/\/crypto.news\/are-crypto-markets-at-risk-as-spacex-ipo-is-4x-oversubscribed\/\" target=\"_blank\">significantly exceeded<\/a> available supply, with some investors <a href=\"https:\/\/crypto.news\/elon-musk-fuels-loan-frenzy-ahead-of-blockbuster-spacex-ipo\/\" target=\"_blank\">reportedly<\/a> seeking additional financing and loans to increase their allocations.<\/p>\n<h2 class=\"wp-block-heading\">Binance activity highlights growing interest<\/h2>\n<p>Interest in SpaceX has also expanded into crypto-linked markets. As crypto.news <a href=\"https:\/\/crypto.news\/binance-pushes-spacex-perpetuals-behind-only-bitcoin-futures\/\" target=\"_blank\">reported<\/a>, Binance said its SPCXUSDT perpetual futures contract has become the exchange\u2019s second-largest futures product by trading volume, trailing only Bitcoin perpetual futures.<\/p>\n<p>According to Binance, the contract generated more than $5.6 billion in rolling 24-hour trading volume and over $9 billion in combined volume across its pre-IPO and post-IPO trading periods.<\/p>\n<p>Binance further stated that it currently leads both centralized and decentralized trading activity for the product while holding the largest open interest position among competing venues.<\/p>\n<p>The increase in derivatives activity has coincided with growing attention on SpaceX following its public listing. Binance also reported that its equity-linked products surpassed $1 billion in turnover within nine days, with SpaceX-related contracts contributing to that growth as traders sought exposure to the company\u2019s rapidly rising valuation.<\/p>\n<div class=\"cn-block-disclaimer\">\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/spacex-vaults-past-amazon-as-cursor-deal-ignites-2-9t-surge\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX has climbed to a market value of nearly $2.93 trillion after its shares jumped more than 17%, briefly pushing Elon Musk\u2019s aerospace company ahead of both Amazon and Microsoft in the global corporate rankings. Summary SpaceX surged more than 17%, briefly overtaking Microsoft and surpassing Amazon by market value. Investors cheered SpaceX\u2019s planned $60 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-20647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/20647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=20647"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/20647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/20571"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=20647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=20647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=20647"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=20647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}