SpaceX valuation tops $2.5 trillion after nearly 20% IPO-session jump and 11% premarket rise

SpaceX’s valuation climbed above $2.5 trillion after shares gained nearly 20% in the IPO session and rose another 11% in premarket trading. The company’s capitalization is described as approaching roughly twice Bitcoin’s $1.33 trillion market value. It also announced a $60 billion stock acquisition of Anysphere, the maker of the AI assistant Cursor, to bolster xAI’s capabilities. The report also cites retail ownership of about one-third of shares, the launch of double-leveraged SPCX ETFs, and market talk of a potential SpaceX–Tesla merger, even though Tesla is not a party to the transaction.