{"id":32112,"date":"2026-06-16T16:34:21","date_gmt":"2026-06-16T16:34:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/spacex-vaults-past-amazon-as-cursor-deal-ignites-2-9t-surge\/"},"modified":"2026-06-16T16:34:26","modified_gmt":"2026-06-16T16:34:26","slug":"spacex-vaults-past-amazon-as-cursor-deal-ignites-2-9t-surge","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/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":"<div class=\"post-detail__content blocks\">\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<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\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\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" 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:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1781627661_722_SpaceX-vaults-past-Amazon-as-Cursor-deal-ignites-29T-surge.webp.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\"  ><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" 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 following news 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\" target=\"_blank\" 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\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/X5mepgXgjJ\">https:\/\/t.co\/X5mepgXgjJ<\/a><\/p>\n<p>\u2014 SpaceX (@SpaceX) <a rel=\"nofollow\" target=\"_blank\" 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 significantly exceeded available supply, with some investors reportedly 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 reported, 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<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\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","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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32112"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32112\/revisions"}],"predecessor-version":[{"id":32113,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32112\/revisions\/32113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}