SpaceX’s valuation rockets to $2.9 trillion, briefly overtakes Amazon
After a 20 % first‑day surge and news of an AI‑coding firm acquisition, SpaceX’s market cap surged to about $2.9 trillion, briefly eclipsing Amazon before slipping back. The spike came despite a $4.9 billion loss and rests on a fresh $86 billion cash infusion and non‑binding AI‑compute deals.