SpaceX tops Amazon and Microsoft in market value as retail investors race to buy shares
·2 min read
Compiled by KHAO Editorial
— aggregated from 6 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
SpaceX shares continued to soar in their third day of trading Tuesday, gaining another 15% as buyer interest in Elon Musk’s largest company showed no sign of slowing down.
Key facts
Since SpaceX shares began trading on the Nasdaq on Friday afternoon, the company’s stock price has climbed more than 45% from $150 to more than $220, pushing its market value to $2.94 trillion
The company debuted at a value of $1.77 trillion, and it has gained nearly $1 trillion in value since then
On Tuesday morning, SpaceX announced that it had formally sealed a deal to acquire the AI coding firm Cursor in a deal that values the AI company at $60 billion
Forde Todd, 20, received three shares of SpaceX stock as part of the company’s initial public offering, then bought several more on the open market
Summary
Since SpaceX shares began trading on the Nasdaq on Friday afternoon, the company’s stock price has climbed more than 45% from $150 to more than $220, pushing its market value to $2.94 trillion. The company debuted at a value of $1.77 trillion, and it has gained nearly $1 trillion in value since then. SpaceX’s value now makes it the world’s fourth-largest publicly traded company, leapfrogging both Amazon and Microsoft. “There is only one stock retail care about right now,” researchers at Vanda wrote in a note to clients Monday night.