On Tuesday, SpaceX’s shares surged approximately 6%, marking a continued meteoric rise following its record-breaking IPO last Friday.
The sharp increase briefly pushed SpaceX ahead of Microsoft in market capitalization, making it the fourth-largest company in the United States.
During mid-morning trading, SpaceX’s market cap reached around $2.94 trillion, surpassing Microsoft’s $2.93 trillion, before retreating slightly.
It also overtook Amazon, which has an estimated market value of about $2.66 trillion. However, passing Apple, the third-largest U.S. company with a valuation exceeding $4.3 trillion, remains a significant challenge.
Source (CNBC)
