SpaceX tops Amazon, briefly beats Microsoft in market value—why it matters
SpaceX’s shares surged to a $2.94 trillion valuation, overtaking Microsoft and Amazon for a few hours, marking the first time a rocket maker entered the U.S. top‑four by market cap. The spike follows a 20% first‑day jump and a $60 billion AI‑coding startup acquisition, intensifying scrutiny of its lofty growth targets.