SpaceX has continued its remarkable rise, becoming one of the biggest stories in global business after surpassing Amazon in market value.

Shares of the aerospace and satellite company surged for a third consecutive trading session, pushing its valuation to nearly $2.7 trillion and making it the fifth-most valuable company in the United States.

Investors have been rushing into the stock following its highly anticipated public market debut.

A major catalyst behind the rally was the company’s announcement of a $60 billion acquisition of artificial intelligence software firm Anysphere.

The deal is expected to strengthen SpaceX’s growing AI capabilities and expand its presence beyond aerospace, satellite communications and internet services.

Investors view the acquisition as a strategic move that could create new revenue streams and accelerate technological innovation.

The company’s Starlink satellite internet business remains a key growth driver. Demand for satellite-based internet services continues expanding globally, particularly in underserved regions where traditional broadband infrastructure remains limited.

Analysts believe Starlink could become one of the most valuable communications businesses in the world over the next decade.

Financial markets have responded enthusiastically to SpaceX’s combination of space exploration, telecommunications and artificial intelligence.

Many investors see the company as uniquely positioned to benefit from multiple long-term growth trends simultaneously. The stock’s performance has also boosted confidence across the broader technology sector.

Market experts say SpaceX’s rise reflects a growing appetite among investors for companies operating at the intersection of advanced technology and large-scale infrastructure.

The company’s success could encourage other high-growth technology firms to pursue public listings in the coming months.

Source: Reuters