SpaceX stock continued to surge on Tuesday following its record-setting IPO last week, with the company’s market capitalization surpassing Amazon and briefly topping Microsoft.
Elon Musk’s SpaceX debuted on the Nasdaq on Friday following its IPO and shares have risen about 35% since it began trading last week, as traders look to capitalize on its momentum.
Tuesday saw SpaceX’s stock climb as much as 15% in early trading, which pushed the company’s market cap beyond the $2.66 trillion valuation for Amazon and Microsoft’s $2.93 trillion market value, which briefly made it the fourth-largest global company by market cap before some of those gains were pared back.
This is a developing story. Please check back for updates.
Read the full article here
