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The Economic Times
The Economic Times
Business
Akash Podishetti

US stocks: SpaceX nears $3 trillion valuation, overtakes Amazon and Microsoft in market value

SpaceX Microsoft Amazon IPO Nvidia SPCX

Shares of Elon Musk-led SpaceX jumped more than 14% on Tuesday, pushing the company's market value to nearly $2.9 trillion and briefly overtaking Amazon while challenging Microsoft for a place among the world's five most valuable companies.

The stock was trading around $220 in morning trade, extending gains from its blockbuster market debut last week. At current levels, SpaceX has risen more than 62% from its IPO price of $135 per share and carries a market capitalization of about $2.85 trillion.

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