News · 17 June 2026

Musk's SpaceX now world's fifth most valuable

Elon Musk's rocket company is now worth about $2.78tn, surpassing Amazon after its share price jumped over 50%. A substantial rise in value transpired merely days following SpaceX's listing on the Nasdaq stock exchange and its procurement of Cursor, an enterprise specializing in AI coding, for $60 billion. However, Amazon made $30.3bn profit in early 2026, while SpaceX lost $4.3bn in that same period.

By BriefTea Editorial · 17 June 2026 at 11:57

Reported by BBC · How we write briefs

Get the app

More briefs

WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half GeneralNotting Hill Carnival parade begins as Europe's biggest street party Browse all stories →