SpaceX rockets past Amazon to become world’s 5th most valuable company (opens original article in a new tab)

SpaceX's market value surged past Amazon and briefly exceeded Microsoft's, driven by high trading volume and investor confidence in Elon Musk's ventures.

• SpaceX's market valuation surpassed Amazon and briefly exceeded Microsoft's on a day with high trading volume in its newly listed options contracts.
• SpaceX's stock price rose 11% to $213.16, giving it a market value of $2.8 trillion, driven by bullish options trading and investor confidence in Elon Musk's ventures.
• Analysts warn of potential volatility due to SpaceX's small float and high valuation, despite its inclusion in major indexes and expected demand from passive funds.