SpaceX is having a historic week, with its shares rising more than 19% in each of its first two days on the stock market. The company’s valuation has surpassed $2.6 trillion, making it bigger than Amazon.

Acquisition of AI Company

SpaceX has acquired Cursor, an AI company, for $60 billion in an all-stock deal. This acquisition is expected to help SpaceX catch up to market leaders in the AI industry.

The company’s expenses have been significant, with $12.7 billion spent on AI last year and $7.7 billion in the first quarter of 2026. Despite these expenses, SpaceX believes the investment is worth it, predicting that enterprise AI applications will become a $22.7 trillion market in the near future.

Market Performance

SpaceX’s stock has been incredibly popular, with retail traders buying shares nearly as much as they have purchased all other stocks combined. The company’s valuation is now higher than Amazon’s, making it one of the most valuable companies on the stock market.

Original reporting: KTVZ (Central Oregon) — read the source article.