Space Exploration Technologies Corp (SpaceX) becomes world's 5th largest company by market value

Exam-focused facts from the 18 June 2026 current affairs briefing.

Key facts

Space Exploration Technologies Corp (SpaceX) has become the 5th largest company globally by market value, surpassing Amazon.
As of 16 June 2026, the top five companies by market capitalisation are Nvidia ($5.09 trillion), Alphabet ($4.46 trillion), Apple ($4.34 trillion), Microsoft ($2.92 trillion), and SpaceX ($2.89 trillion).
SpaceX stock traded at $220, representing a 62% increase from its initial public offering (IPO) price of $135.
SpaceX announced the acquisition of Anysphere, the software company behind the AI coding agent Cursor, for $60 billion.
The merger between SpaceX and Anysphere is expected to officially close during the third quarter of 2026.