Editorial Team/Staff Writers
SpaceX has overtaken Amazon to become the world’s fifth most valuable company after a surge in its share price, the BBC reported.
It said the share price for the rocket company owned by billionaire entrepreneur Elon Musk had risen by more than 50% days after joining New York’s tech-focused Nasdaq stock exchange.
The biggest public listing ever leaves SpaceX worth about $2.78tn (£2.1tn), while Jeff Bezos’s sprawling online retail and media empire is currently worth about $2.66tn, the BBC reported.
The boom in SpaceX’s value came as it announced it was buying AI coding start-up Cursor for $60bn.
READ MORE FROM BIZ PULSE
SpaceX said it would take over Anysphere, Cursor’s parent company, which makes the artificial intelligence coding agent.
SpaceX has garnered huge enthusiasm among investors for its vision of sending AI data centres to space and even helping humans to colonise Mars.
Its listing raised $85.7bn and minted Musk as the world’s first trillionaire.
Since first selling shares to the public at $135 each on Friday, they have risen to $209.
But analysts have questioned the sustainability of its high share price given the huge amount of uncertainty over its future earnings.
While Amazon is a household name, with its brand difficult to avoid being encountered on an almost daily basis, SpaceX is less embedded in the lives of the general public.
Despite SpaceX’s stock market value overtaking Amazon, the revenues and profits made by the companies are vastly different.
Amazon made $30.3bn of profit in the first quarter of 2026, while Musk’s future-focused SpaceX lost $4.3bn.
Six reasons you should trust what you read on this website—and share it with confidence
1. Led by experience that travels well
Our founder and editorial director, Musaazi NAMITI, brings more than two decades of serious newsroom experience, including eight years as an editor at Al Jazeera in Doha, Qatar, and consulting for the African Development Bank, UN agencies and Globe Media Asia in Cambodia. His global exposure anchors OJ-UGANDA.COM in professional rigour and fairness—standards that too often slip in Uganda’s crowded media space.
2. We fact-check with scientific precision
Verification is NOT a box we tick; it is how we bring journalism to life. We confirm spellings, dates, figures, places—every detail that shapes a story. If a fact looks shaky, we pause and probe. Emotion does not lead us; evidence does.
3. We are a legal entity and are fully registered
OJ-UGANDA.COM is a company registered with the Uganda Registration Services Bureau. Our registration number is: 80034266163714
4. Radical transparency in how we work
We do not hide behind mystery. We show readers how information is gathered, verified and edited. You will always understand why we stand by a story—because we will let you in on the process.
5. Accountability you can see
When we err, we do not sweep it under the carpet/rug. Our corrections policy ensures every error is corrected immediately, with a clear note explaining what went wrong and what has been fixed. No quiet deletions. No half-truths.
6. Fair treatment for contributors
If you write for us, your ideas remain yours. We refine, not usurp. We share every edited version before publication, and we publish only work that is fact-based and mutually agreed upon. Your voice stays authentic—and honest.
🔴We run a clean, professional news site that prioritises editorial quality and draws readers’ attention to what matters.
In 2025, Jeff Bezos’s firm accrued some $716.9bn in sales, while SpaceX recorded $18.67bn.
But investors appear to be betting on what they think SpaceX can acheive. While its biggest focus is the manufacture and launch of rockets with reusable parts, the company also manufactures and launches Starlink internet satellites, and is ramping up its presence in the AI race.
🔴 Biz Pulse is your fast, sharp fix of business news. We unpack the moves and money shaping not only Uganda’s economy but also the world’s. Quick reads, sharp insights because business doesn’t wait.
You must be logged in to post a comment.