SpaceX stock surges past Amazon in market cap, keeps climbing

AI Summary

SpaceX became a publicly traded company through a record-breaking initial public offering that catalyzed extraordinary stock price gains in its first trading sessions. The company's market capitalization surged to rank among the world's five most valuable enterprises, briefly exceeding Amazon and nearly matching Microsoft. The stock rally was accompanied by record options trading volume, with market analysts expressing concerns about whether valuations reflected genuine business fundamentals or primarily investor speculation.