Jun 16, 2026 · 6 min
SpaceX valuation hits two point six five trillion to overtake Amazon
SpaceX Overtakes Amazon in Third Trading Day, Take-Two Soars, La-Z-Boy Rises After Earnings
Major corporate acquisitions and highly anticipated product releases are reshaping the upper echelons of global market valuations.
- 1SpaceX reached a 2.65 trillion dollar valuation to become the world's fifth-largest stock after acquiring AI startup Cursor.
- 2Take-Two Interactive topped the S&P 500 on strong Grand Theft Auto VI sales projections from Piper Sandler.
- 3La-Z-Boy shares surged in after-hours trading following a stronger-than-expected earnings report and retail expansion.
Don't miss
SpaceX's massive valuation surge to eclipse Amazon as the fifth-largest stock following its acquisition of AI startup Cursor.
The brief
SpaceX has surged to a $2.65 trillion valuation, briefly eclipsing Microsoft and closing higher than Amazon to become the world's fifth-largest stock. The massive market leap follows the aerospace giant's acquisition of the artificial intelligence startup Cursor.
The valuation milestone further elevates Elon Musk's net worth while signaling Wall Street's intense appetite for AI-driven expansion, even within companies traditionally focused on aerospace and satellite communications.
In the broader market, Take-Two Interactive became the top performer in the S&P 500. Shares soared following highly optimistic sales projections from investment bank Piper Sandler for the upcoming video game Grand Theft Auto VI.
Rounding out the market movers, furniture manufacturer La-Z-Boy experienced an after-hours stock surge. The gains were driven by a better-than-expected quarterly earnings report alongside successful retail store expansion efforts.
What was said on this episode
3 statements · 3 positive
SpaceX closed at approximately a $2.7 trillion market valuation.
“Closed it about a $2.7 trillion valuation.”
Listen at 1:24
SpaceX briefly exceeded Microsoft in market value during the session.
“At that intraday high, it briefly eclipsed Microsoft in market value as well.”
Listen at 1:38
SpaceX shares had risen on each of their first three trading days.
“Day three, perfect record up every day”
Listen at 2:31
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Take-Two Interactive
La-Z-Boy
Piper Sandler
Elon Reeve MuskListen to the full episode and explore every guest, topic, and moment on PodLume.