Jun. 16 at 5:41 PM
I’ve been watching this move in
$SPCX and honestly…
the scale is getting hard to ignore.
It’s now overtaken
$AMZN to become the 5th most valuable company on Earth at around ~
$3T, and at the same time it just closed a
$60B acquisition of Cursor, pushing directly into AI coding tools dominated by Anthropic and OpenAI.
That combination is what really stands out to me.
Key points:
~
$3T market cap, top 5 globally
Overtook Amazon in ranking
$60B Cursor acquisition
Direct AI coding competition entry
Stack includes Starlink + xAI ecosystem
What’s interesting here is how the story keeps expanding in real time.
It started as “space”, then became “connectivity”, and now it’s being priced more like an AI + infrastructure platform that just happens to include rockets.
I’m not fully convinced the market has even settled on what multiple this thing should trade at yet.
And when that happens, you usually get some pretty wild repricing phases.
