SpaceX set to surpass Amazon’s market cap as post-IPO rally continues
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Article Excerpt
SpaceX set to surpass Amazon’s market cap as post-IPO rally continues
REUTERS
PUBLISHED 46 MINUTES AGO
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Shares of Elon Musk’s SpaceX (SPCX-Q) rose more than 10 per cent in premarket trading on Tuesday, putting the company on course to overtake Amazon.com (AMZN-Q) in market value to become the world’s fifth-largest company, as it extended a post-IPO rally.
The stock, which surged more than 19 per cent on Monday, was last up 10.1 per cent at US$211.8, giving the company a market capitalization of nearly US$2.8 trillion if gains hold.
Amazon was last …
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Jun 16, 2026