SpaceX shares have risen more than 40 percent since the company's June 12 debut, pushing its market value to roughly $2.5 trillion. The surge places the firm sixth among the world's largest companies and nearly twice the size of the entire Bitcoin market.
The gains come eight days after the initial public offering. Limited supply of shares available for trading has contributed to the rapid price increase.
SpaceX completed its acquisition of xAI in February. The company also announced on Tuesday an agreement to purchase the AI coding startup Cursor in a deal valued at $60 billion.
The firm reported a net loss of $4.94 billion on revenue of $18.67 billion for 2025. At current levels the stock trades at more than 130 times sales.
