SpaceX’s $2.97T Valuation Surpasses Amazon’s $2.65T Market Cap

1. SpaceX Market Cap Surge

SpaceX rallied from its $135 IPO price, hitting $225.64 at Tuesday’s high, a 67% gain that added nearly $1 trillion in market value and pushed its total valuation to $2.97 trillion in just days of trading.

2. Amazon’s Ranking Slip

Amazon’s market capitalization stood at $2.65 trillion when SpaceX briefly overtook Microsoft and comfortably surpassed Amazon, moving Amazon to fifth place among US public companies behind Nvidia, Alphabet, Apple and SpaceX.

3. Musk’s Net Worth Milestone

Elon Musk’s net worth climbed above $1.4 trillion after the SpaceX surge, a $100 billion increase in a single day, meaning he could lose nearly $1 trillion and still remain the world’s richest individual.

1. SpaceX Market Cap Surge

2. Amazon’s Ranking Slip

3. Musk’s Net Worth Milestone

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