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NASDAQ:YUMC 16 June 2026

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  • SpaceX Set to Surpass Amazon as Fifth-Largest Company Following Nasdaq Debut
    June 16, 2026, 10:20 AM EDT. Space Exploration Technologies Corp. (SPCX) is poised to overtake Amazon.com Inc. (AMZN) as the world's fifth-largest company by market capitalization. Since its Nasdaq debut at a $1.77 trillion valuation, SpaceX has added $750 billion in value, reaching $2.52 trillion, just shy of Amazon's $2.65 trillion. SPCX shares rose over 5% pre-market Tuesday, while Amazon gained 0.5%. SpaceX also announced a $60 billion acquisition of Cursor's parent company, Anysphere, expected to close in Q3. Early investor Peter Diamandis dismissed valuation concerns, highlighting SpaceX's unique business model combining launch services, Starlink satellite network, and AI initiatives. Market watchers also speculate on a potential SpaceX-Tesla merger within a year.

Latest articles

Yum Brands Sells Pizza Hut in $2.7 Billion Deal

Yum Brands Sells Pizza Hut in $2.7 Billion Deal

16 June 2026
Yum! Brands is selling Pizza Hut for $2.7 billion in two deals, expects $2.3 billion in net proceeds, and its board approved a $4 billion stock buyback; both transactions are set to close in Q3 2026 pending regulatory approval.
Qualcomm Shares Rise on Tenstorrent Deal Talks and AI Push

Qualcomm Shares Rise on Tenstorrent Deal Talks and AI Push

16 June 2026
Qualcomm shares jumped 4.3% to $220.81 after reports it’s in talks to buy AI chip startup Tenstorrent for $8–$10 billion, as investors weigh the potential to diversify beyond smartphones ahead of the June 24 Investor Day, with the stock reflecting both excitement and uncertainty over the possible deal and the company’s AI strategy.
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