SpaceX’s market cap eclipsed Amazon’s after the company announced a $60 billion purchase of AI‑coding startup Cursor. Shares jumped 4.8% on the news, sparking a near‑50% surge in the first two days of trading.

The deal inflates SpaceX’s valuation to a level that outpaces Amazon, reshaping investor focus toward space and AI sectors. Early traders who sold early now face losses as the stock rallies.

Social media buzzed with memes from investors who owned a handful of shares, celebrating the windfall. Options contracts tied to SpaceX went live today, breaking Meta’s 2012 first‑day volume record.

SpaceX’s leap above Amazon signals a shift in capital allocation, prioritizing high‑growth tech over traditional retail giants. The move forces analysts to reassess market leadership in high‑tech valuations.