AICNBC Techabout 6 hours ago
SpaceX gains 4% after surpassing Amazon in market cap
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SpaceX shares rose 4% in premarket trading Wednesday, extending a 62% surge since its IPO on Friday. The company's market cap hit $2.65 trillion at Tuesday's close, surpassing Amazon and briefly overtaking Microsoft to become the fourth-largest U.S. company by valuation. SpaceX posted a $4.9 billion net loss in 2025.
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