SpaceX stock continued to surge on Tuesday following its record-setting IPO last week, with the company’s market capitalization surpassing tech giants Amazon and Microsoft to become the fourth-largest company in the world by valuation.
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 over 13% 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.
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